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Find the cash value of the lottery jackpots given below. Yearly jackpot payments begin immediately. Assume the lottery can invest at the given interest rates.

Jackpot -Interest Rate-Annual equal Pmt

$8,000,000 - 8% - 20yrs

$8,000,000,- 13% - 20yrs

$8,000,000 - 8% - 25yrs

$8,000,000 - 13% - 25yrs

Please provide PV in dollars.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92165195

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