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On a Whim You Purchased a Scratch-Off Lottery Ticket at the Gas

question 98

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On a whim you purchased a scratch-off lottery ticket at the gas station. It must have been your lucky day because you won $1,500,000. Being logical and rational you decide to invest the money at 6% for 11 years until you are ready to start a family. At the end of 11 years, how much will your investment be worth? Future Value of $1
On a whim you purchased a scratch-off lottery ticket at the gas station. It must have been your lucky day because you won $1,500,000. Being logical and rational you decide to invest the money at 6% for 11 years until you are ready to start a family. At the end of 11 years, how much will your investment be worth? Future Value of $1 Future Value of Annuity of $1 A) $22,458,000 B) $2,847,000 C) $790,500 D) $3,018,000 Future Value of Annuity of $1
On a whim you purchased a scratch-off lottery ticket at the gas station. It must have been your lucky day because you won $1,500,000. Being logical and rational you decide to invest the money at 6% for 11 years until you are ready to start a family. At the end of 11 years, how much will your investment be worth? Future Value of $1 Future Value of Annuity of $1 A) $22,458,000 B) $2,847,000 C) $790,500 D) $3,018,000

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