A state lotto gas a prize that pays 1,300 each week for 30 years. What is the total value of the prize
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Sri K.
A state lotto has a prize that pays $1,400 each week for 30 years. Find the total value of the prize. If the state can earn 3% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments? Reminder: There are 52 weeks in a year.
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