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As the lottery winner, you are promised 15 payments of $0.99 million each year starting a year from now. If the discount rate is 0.117,

  1. As the lottery winner, you are promised 15 payments of $0.99 million each year starting a year from now. If the discount rate is 0.117, what is the present value of your lottery winnings? step by step explanation.

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To calculate the present value of your lottery winnings we will use the discounted cash flow DCF method The DCF method takes into account the time val... blur-text-image

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