Mathematics, 30.03.2021 23:40, hihihi129473838
Peter has won the lottery. He will receive Kenya Shillings 66335 per month for the next 21 years, a total of Kenya Shillings 16.72 million. What single deposit (in millions) should the lottery commission make now to fund Peter's annuity. Assume 7.5% annual interest, compounded monthly.
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Peter has won the lottery. He will receive Kenya Shillings 66335 per month for the next 21 years, a...
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