Congratulations! You won the Very Special Lottery. You have your choice of prizes. You can take $1,000,000 at 1% interest that is compounded annually for 20 years. Or, you can take $200,000 at 10% interest that is compounded daily for 20 years.
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Home » Mathematics » Congratulations! You won the Very Special Lottery. You have your choice of prizes. You can take $1,000,000 at 1% interest that is compounded annually for 20 years. Or, you can take $200,000 at 10% interest that is compounded daily for 20 years.