How much is each ticket worth on average

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Reference no: EM131355822

A UK lottery prize pays £1000 at the end of the first year, £2000 the second, £3000 the third, and so on for 20 years. If there is only one prize in the lottery7 , 10 000 tickets are sold, and you could invest your money elsewhere at 15% interest, how much is each ticket worth, on average?

Reference no: EM131355822

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