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Question 14 (1 point) You have won a small lottery in which you will receive a series of payments forever. The payments start at $600

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Question 14 (1 point) You have won a small lottery in which you will receive a series of payments forever. The payments start at $600 received today and grow effectively at 2.25% a year forever. Given an APR of 4.25% compounded quarterly, what is the present value of your lottery winnings? $28,750 $29,506 $30,263 $31,020 $31,776

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