Solved: You have just won the strayer lottery jackpot of 11000000, Business Management

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You have just won the strayer lottery jackpot of 11000000

You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in 26 equal annual installments beginning immediately.

If you had the money now, you could invest it in an account with a quoted annual interest rate of 9% with monthly compounding of interest.

What is the present value of the payments you will receive?

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Business Management: You have just won the strayer lottery jackpot of 11000000

Reference No:- TGS02636309

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