Lucy won a jack pot that will pays her 12,000 respectively year 4 the subsequent ten years. If the flea market interest rates are

If the interest rates are 12% how much does the lottery own to invest to repay out this prize to Lucy for over the subsequent ten years?

Answers:
aren't you glad those nice folks did you homework -- i newly hope the educate asks you to show you work!
FIIK
Roughly $80.000. A financial calculator, or evaluating the standard formula, will impart a more precise answer.
$75,938

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