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A lottery offers a payout of $5,000 at the beginning of each year forever. If the market requires a 4.6% annual return for similar investments,
A lottery offers a payout of $5,000 at the beginning of each year forever. If the market requires a 4.6% annual return for similar investments, what is the value of this lottery prize?
a) $108.696
b) $124.396
c) $118.926
d) $113,696
e) $127,011
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