A math teacher won a lottery that pays $1,000 per month for the next 20 years. But, he prefers to have the entire amount now. If the interest rate is 8%, how much will he accept? Answer in whole number.
A math teacher won a lottery that pays $1,000 per month for the next 20 years. But, he prefers to have the entire amount now. If the interest rate is 8%, how much will he accept? Answer in whole number.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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A math teacher won a lottery that pays $1,000 per month for the next 20 years. But, he prefers to have the entire amount now. If the interest rate is 8%, how much will he accept? Answer in whole number.
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