3 P6 37 Growing Annuity LO1 You have just won the lottery and will receive $620,000 in one year You will receive payments for 18 years, and the payments will increase 3 percent per year If the appropriate discount rate is 10 percent, what is the present value of your winnings 10 points 00 37 33

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3 P6 37 Growing Annuity  LO1  You have just won the lottery and will receive $620,000 in one year  You will receive payments for 18 years, and the payments will increase 3 percent per year  If the appropriate discount rate is 10 percent, what is the present value of your winnings  10 points 00 37 33

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3 P6-37 Growing Annuity [LO1] You have just won the lottery and will receive $620,000 in one year. You will receive payments for 18 years,

3 P6-37 Growing Annuity [LO1] You have just won the lottery and will receive $620,000 in one year. You will receive payments for 18 years, and the payments will increase 3 percent per year. If the appropriate discount rate is 10 percent, what is the present value of your winnings? 10 points 00:37:33

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