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7. You have just won a lottery that offers the following payouts: 1st payment of $10,000 in eight months and payments of $10,000 every three

7. You have just won a lottery that offers the following payouts: 1st payment of $10,000 in eight months and payments of $10,000 every three months thereafter until a total of 40 payments have been made. Given a discount rate of 17% per year (effective), what is the value to you now of the promised cash flow in the future?

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