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Connect secure l https://newconnect.mheducation.com/flow/connect.html Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to question Yes ? No points d-1. A sweepstakes agency names you a grand prize winner. You can take S225,000 immediately or elect to rcelve annual installments of $30,000 for 20 years. You can earn 10% annually on any investments you make. Table Factor Present Value e Values are Based on: d-2. Which prize do you choose to receive? Recelve $225,000 Immediately Receive Annual installments of $30,000 for 20 years O Type here to search 7:33 PM ^ x 3/21/2018

Explanation / Answer

Annual Inst Table Factor Present Value 30000 8.514               2,55,420 Table Value are Based on N = 20 I   = 10% 2.Receive Annual Installments of $30,000 for 20 years

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