document.write( "Question 154255: Can someone please tell me if this is correct.\r
\n" ); document.write( "\n" ); document.write( "I won the lottery and will recieve 12000 per year for 10 years.
\n" ); document.write( "At 12% interest how much should the lottery invest to pay out this amount for the next 10 years?\r
\n" ); document.write( "\n" ); document.write( "P=(N/r)(1-(1+r)^n)
\n" ); document.write( "I came up with 67,802.68. Am I correct?
\n" ); document.write( "

Algebra.Com's Answer #113563 by jim_thompson5910(35256)\"\" \"About 
You can put this solution on YOUR website!
Good job you got it right. \n" ); document.write( "
\n" );