Discuss how much would you receive each year


Assume you had one of the 3 winning tickets in last week's Powerball Lottery; your prize would have been $188 million if you took your winnings in the form of an annuity. If the annuity were paid in 20 annual installments using an interest rate of 4%, discuss how much would you receive each year?

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Macroeconomics: Discuss how much would you receive each year
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