Question:
Find the cash value of the lottery jackpot given below
Last updated: 6/25/2023
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Find the cash value of the lottery jackpot given below Yearly jackpot payments begin immediately Assume the lottery can invest at the given interest rate 7 000 000 jackpot 5 interest 20 annual payments Jackpot Amount Interest Equal Annual Present Value Rate Payments in dollars 7 000 000 5 20 Round to the nearest dollar as needed Points 0 of 2 www