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[Solved] Joe won a lottery jackpot that will pay him $12,000 each year for the next ten years. If the market interest rates are currently 12%, exactly how

Question: Joe won a lottery jackpot that will pay him $12,000 each year for the next ten years. If the market interest rates are currently 12%, exactly how much should the lottery invest today, assuming end of year payments, so there will be nothing left in the account after the final payment is made?

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