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Joe won a lottery jackpot that will pay him $12000.00 eachyear for the next 10 years. If the market interest rates arecurrently 12%, how much does the lottery have to invest today topay out this prize
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May 16, 2021
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Joe won a lottery jackpot that will pay him $12000.00 eachyear
for the next 10 years. If the market interest rates arecurrently
12%, how much does the lottery have to invest today topay out this
prize to Joe over the next 10 years.
Mathematics
college
Kevin Vella
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Kevin Vella
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Answer:
$3863.68
Explanation:
Please see attachment
Tmo
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May 21, 2021
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Tmo
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