Business, 25.02.2020 01:00 bnnn

You won a lottery that will make equal payments of $1,000 at the end of each year for the next eight years. If the annual interest rate stays constant at 5%, what is the value of these payments in today’s dollars? (Note: Round your answer to the nearest whole dollar.)

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You won a lottery that will make equal payments of $1,000 at the end of each year for the next eight...