The publishers clearing house is awarding a prize of, Business Economics

The publishers clearing house is awarding a prize of

The Publishers Clearing House is awarding a prize of $5000/week for the rest of your life that can then be transferred to someone you nominate (and so on). How much does the Publishers Clearing House has to deposit now (P) if yearly interest (APR = nominal rate) is 3% per year?

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Business Economics: The publishers clearing house is awarding a prize of

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