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a. I just won the lottery. I won $40,000,000 to be paid out over the next 20 years in equal payments. If the appropriate discount
a. I just won the lottery. I won $40,000,000 to be paid out over the next 20 years in equal payments. If the appropriate discount rate is 6%, how much in present value did I win?
b. How much did I win if the first payment is received today (PV)?
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