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5. You have just won the lottery and will receive $150,000 in one year. You will receive payments for 10 years, which will increase 3
5. You have just won the lottery and will receive $150,000 in one year. You will receive payments for 10 years, which will increase 3 percent per year. If the appropriate discount rate is 7 percent, what is the present value of your winnings
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