resent value of an annuity On January 1, you win $47,250,000 in the state...
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resent value of an annuity
On January you win $ in the state lottery. The $ prize will be paid in equal installments of $ over years. The payments will be made on December of each year, beginning on December of this year. If the current interest rate is This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.
Open spreadsheet
Determine the present value of your winnings. Round your answer to the nearest dollar.
fill in the blank of $
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