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I just won the lottery. I won $50000,000 to be paid out over the next 20 years in equal payments. If the appropriate discount rate
I just won the lottery. I won
$50000,000
to be paid out over the next 20 years in equal payments. If the appropriate discount rate is
8%
, how much in present value did I win?\
$24,545,250
\ How much did I win if the first payment is received today?\
$2,500,000
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