The florida lottery agrees to pay winner 271 000 at the end


The Florida lottery agrees to pay winner 271, 000 at the end of each year for the next 20 years. What is the future value of this prize if each payment is put in an account earning 0.08?

Solution Preview :

Prepared by a verified Expert
Finance Basics: The florida lottery agrees to pay winner 271 000 at the end
Reference No:- TGS01493343

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)