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You win a lottery which promises to pay you $1,000.00 over five years in equal installments.The interest rate is 5%.The amount you won is actually closest to what amount?

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MCQs on the importance of money, banking, and financial markets of a developed economy.


You win a lottery which promises to pay you $1,000.00 over five years in equal installments.The interest rate is 5%.The amount you won is actually closest to what amount?





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