Question: The Grand Prize in a State Lottery is $500000, which
The Grand Prize in a State Lottery is $500000, which will be paid in 20 equal annual payments of $25000 each. The State makes the first payment right away. How much does the State need to deposit in an account paying 6% compounded annually to be able to make the remaining 19 equal payments of $25000 each?
Trackbacks and pingbacks
... [Trackback] [...] Information to that Topic: wiseamerican.us/grand-prize-state-lottery-500000/ [...]