A state lotto has a prize that pays $1,700 each week for 25 years. Find the total value of the prize: $ If the state can earn 4% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments? Reminder: There are 52 weeks in a year.

A state lotto has a prize that pays $1,700 each week for 25 years. Find the total value of the prize: $ If the state can earn 4% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments? Reminder: There are 52 weeks in a year.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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A state lotto has a prize that pays $1,700 each week for 25 years.
Find the total value of the prize: $
If the state can earn 4% interest on investments, how much money will they need to put into an account
now to cover the weekly prize payments?
Reminder: There are 52 weeks in a year.
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