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Question 1 (1 point) You have won a small lottery in which you will receive a series of payments forever. The payments start at $1,054

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Question 1 (1 point) You have won a small lottery in which you will receive a series of payments forever. The payments start at $1,054 received today and grow effectively at 2.90% a year forever. Given an APR of 9.00% compounded quarterly, what is the present value of your lottery winnings? $17,978 $18,428 $18,877 $19,327 $19,776

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