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Suppose you have a winning lottery ticket and you are given the option of accepting $ 3 , 0 0 0 , 0 0 0
Suppose you have a winning lottery ticket and you are given the option of accepting $ three years from now or taking the
present value of the $ now. The sponsor of the prize uses a discount rate. If you elect to receive the present value of the
prize now, the amount you will receive is
$
$
$
$
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