A lottery claims its grand prize is 10 million payable over 20 years at 500000 per year. if the first payment is made immediately what is this grand prize really worth use interest rate of 6%?
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Home » Mathematics » A lottery claims its grand prize is 10 million payable over 20 years at 500000 per year. if the first payment is made immediately what is this grand prize really worth use interest rate of 6%?