You hit the jackpot the prize money is 900 million now in a, Ask an Expert

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You hit the jackpot! The prize money is $900 million now in a lump sum, which, you have been told, is worth $1.3 billion in 30 years. Suppose no tax is involved. Determine the effective annual compound interest rate that is used to come up with the future value.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92300091

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