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A STATE PRIZE PAYS $1000 weekly for 15 years. The state earns 7% on its investments. How much does the state need to deposit now to cover the weekly payments?
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A STATE PRIZE PAYS $1000 weekly for 15 years.

The state earns 7% on its investments. How much does the state need to deposit now to cover the weekly payments?

User Adam Gibson
by
6.7k points

2 Answers

7 votes

Answer:

$725,400 Should be the answer.

User Harrolee
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7.6k points
1 vote

Answer:

b

Explanation:

User Paul Young
by
7.6k points
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