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5 You have just won the lottery and will receive $540,000 in one year. You will receive payments for 26 years, and the payments will

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5 You have just won the lottery and will receive $540,000 in one year. You will receive payments for 26 years, and the payments will increase 3 percent per year. If the appropriate discount rate is 12 percent, what is the present value of your winnings? pped Multiple Choice $46,972,686 $5,320,404 $5.107.588 $46,972,686 $28,361

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