Moving to another question will save this response. stion 6 A lottery ticket promises two payments of $50,000, on dates twelve and sixty months from today. If the required rate of return on the investment is 6.35%. What is the value of the prize today? O $84,590.28 O $84,765.34 O $85,876.35 O $84.965.24 O $85.989.99 A Moving to another question will save this response.
Moving to another question will save this response. stion 6 A lottery ticket promises two payments of $50,000, on dates twelve and sixty months from today. If the required rate of return on the investment is 6.35%. What is the value of the prize today? O $84,590.28 O $84,765.34 O $85,876.35 O $84.965.24 O $85.989.99 A Moving to another question will save this response.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
![Moving to another question will save this response.
stion 6
A lottery ticket promises two payments of $50,000, on dates twelve and sixty months from today. If the required rate of return on the investment is 6.35%. What is the value of the prize today?
$84,590.28
$84,765.34
$85,876.35
$84.965.24
$85,989.99
A Moving to another question will save this response.
@
20
M
W
3
E
$
R
F5 2
S
T
O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc29ae2ae-bddd-45e5-8870-9aef79c9781d%2F74f7a9ce-d8b2-44f2-9b3b-093ee8e4042b%2Ft1crb98_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Moving to another question will save this response.
stion 6
A lottery ticket promises two payments of $50,000, on dates twelve and sixty months from today. If the required rate of return on the investment is 6.35%. What is the value of the prize today?
$84,590.28
$84,765.34
$85,876.35
$84.965.24
$85,989.99
A Moving to another question will save this response.
@
20
M
W
3
E
$
R
F5 2
S
T
O
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