Lottery winner wins the one million dollar prize

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A lottery winner wins the One Million Dollar Prize. She finds out, after winning, that the payments are actually made annually over the next 20 years in installments of $50,000 each. What is the value of the prize today if ROI is 8%?

Reference no: EM131073890

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Lottery winner wins the one million dollar prize : A lottery winner wins the One Million Dollar Prize. She finds out, after winning, that the payments are actually made annually over the next 20 years in installments of $50,000 each. What is the value of the prize today if ROI is 8%?
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