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excle 08 Example 4.20: Lottery Valuation 09 Mark Young won the state lottery and will receive the following set of equal payments beginning one year

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08 Example 4.20: Lottery Valuation 09 Mark Young won the state lottery and will receive the following set of equal payments beginning one year from now. What is the value of the 10 111 Annual payment: $ 50,000 Number of years for paym 20 113 Interest rate: 8% 114 115 Present value: 112

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