What is the future value of this prize

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Reference no: EM132059692

Can you do this work in Excel using the FV foluma. Im doing something wrong on my equation

The Florida lottery agrees to pay the winner $247,000 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?

Reference no: EM132059692

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