Register
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
80.9k views
0 votes
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.

User Kevin Vella
by
4.1k points

1 Answer

2 votes

Answer:

$3863.68

Explanation:

Please see attachment

Joe won a lottery jackpot that will pay him $12000.00 eachyear for the next 10 years-example-1
User Tmo
by
3.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.8m questions

4.9m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Solve for x in the equation 3 x squared minus 18 x + 5 = 47. (I need this to be an answer like X=3+\_ square root 23)
Please answer asap.......... ...
1 divided by 1/5????????
The endpoints of line AB are A(−9,−1) and B(−3,7). Find the coordinates of the midpoint M.
Link Copied!