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question 1 Before making an investment decision, Alex surprisingly wins the jackpot of the state lottery. She is offered the following deal: she can either

question 1

Before making an investment decision, Alex surprisingly wins the jackpot of the state lottery. She is offered the following deal: she can either receive annual payments of 69,000 $H for the next 30 years, or she gets 1,000,000 SH today. Assume an interest rate of 7% p.a.

Please calculate the NPV of the annual payments. Round your answer to 4 decimal places.

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