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As a winner of a lottery, you will receive $10,000 per month forever, beginning a month from now. What is the present value of this

As a winner of a lottery, you will receive $10,000 per month forever, beginning a month from now. What is the present value of this lottery given an 8% annual interest rate?

Group of answer choices

$1,000,000

$1,250,000

$1,500,000

$750,000

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