document.write( "Question 154255: Can someone please tell me if this is correct.\r
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document.write( "I won the lottery and will recieve 12000 per year for 10 years.
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document.write( "At 12% interest how much should the lottery invest to pay out this amount for the next 10 years?\r
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document.write( "P=(N/r)(1-(1+r)^n)
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document.write( "I came up with 67,802.68. Am I correct? \n" );
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Algebra.Com's Answer #113563 by jim_thompson5910(35256)![]() ![]() ![]() You can put this solution on YOUR website! Good job you got it right. \n" ); document.write( " |