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Congratulations, you just won the lottery! As the winner, you will receive payments of $ 2 million at the beginning of every year over the
Congratulations, you just won the lottery! As the winner, you will receive payments of $ million at the beginning of every year over the next years. The first payment will be paid out already today. What is the present value of your lottery winnings? Assume an interest rate of per year. Answer in millions of dollars with decimals for example, if your answer is enter
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