2) You win a lottery worth $5,000,000 in total payments, distributed to you every four months in 30 equal payments. What is the present value of the annuity with a 4% annual interest?
2) You win a lottery worth $5,000,000 in total payments, distributed to you every four months in 30 equal payments. What is the present value of the annuity with a 4% annual interest?
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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