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What is the future value of this prize

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Question - The Florida lottery agrees to pay the winner $248,000 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: EM131702203

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What is the future value of this prize : The Florida lottery agrees to pay the winner $248,000 at the end of each year for the next 20 years. What is the future value of this prize
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