How much could you sell your winning ticket

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Reference no: EM131967538

You won $10 million in the lotto jackpot and elected for a 20 annual installment of $500,000. (Ignore tax implications). But on the day the winning numbers were announced, you changed your mind and rather have the cash up front. How much could you sell your winning ticket for, if the current interest rate is 4%?

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Reference no: EM131967538

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