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Category > Accounting Posted 29 Jul 2017 My Price 3.00

Find what the state pay for John-Paul's payout annuity if the interest rate is 7.2%

John-Paul Ramin won $2.3 million in state lottery. He was surprised to learn that he will not receive a check for $2.3 million. Rather, for twenty years, he will recieve an annual check from the state for 1/20 of his winnings. The state finances this series of checks by buying John-Paul a payout annuity. Find what the state pay for John-Paul's payout annuity if the interest rate is 7.2%.
 
 

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Alpha Geek
(8)
Status NEW Posted 29 Jul 2017 12:07 PM My Price 3.00

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Attachments

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