Business, 28.07.2019 22:00 helen3327

You just won a lottery - congratulations! your parents have always told you to plan for the future, so since you already have a well-paying job you decide to invest rather than spend your lottery winnings. the payment schedule from the lottery commission is $100,000 after taxes at end of year one and 19 more payments of exactly $100,000 after taxes in equal annual end-of-the-year deposits (i. e., the first of the next 19 deposits is one year from today) into your account paying 7% compounded annually. how much money will be in your account after the last deposit is made? $3,637,896.48 $4,486,517.68 $2,000,000.00 $4,099,549.23

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