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Lottery Monthly PV ( due ) You just won the lottery! As your prize you will receive $ 7 , 3 6 0 a month

Lottery Monthly PV

(

due

)

You just won the lottery! As your prize you will receive $

7, 360

a month for

209

months starting today. If you can earn

10 %

APR, compounded monthly, on your money, what is this prize worth to you today?

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