A scheme of a lottery for 1,500,000 l. upon a fund of 135,000 l. per ann. for 32 years
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A scheme of a lottery for 1,500,000 l. upon a fund of 135,000 l. per ann. for 32 years

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Published in [London .
Written in English


Book details:

Edition Notes

SeriesEighteenth century -- reel 261, no. 52.
The Physical Object
FormatMicroform
Pagination[4]p.
ID Numbers
Open LibraryOL17058994M

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You have just won the lottery and will receive $1,, in one year. You will receive payments for 30 years, and the payments will increase percent per year. If the appropriate discount rate is percent, what is the present value of your winnings? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. Question Linda won $, in a state lottery. She first paid income tax of 30% on the winnings. Of the rest she invested some at % and some at 4% earning $ interest per year. You have just won the lottery and will receive $1,, in one year. You will receive payments for 30 years, and the payments will increase by percent per year. On January 1 you win $50,, in the state lottery. The $50,, prize will be paid in equal installments of $6,, over eight years. The payments will be made on December 31 of each year, beginning on December 31 of this year. If the current interest rate .