Question
Hazel recently won the lottery! Over the next five years, Hazel will receive the following payments. One year from now: $113,000 Two years from
Hazel recently won the lottery! Over the next five years, Hazel will receive the following payments. One year from now: $113,000 Two years from now: $268,000 . Three years from now: $343,000 . Four years from now: $401,000 Five years from now: $533,000 A If the discount rate is 4%, what is the present value of Hazel's winnings?
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