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A lottery jackpot of one million is paid out $ 2 5 , 0 0 0 a year for 4 0 years. At a 1
A lottery jackpot of one million is paid out $ a year for years. At a percent required return, what is the present value of this payoff? Assume that the first payment is paid immediately.
A lottery jackpot of one million is paid out $ a year for years. At a percent required return, what is the present value of this payoff? Assume that the first payment is paid immediately.
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