Transcribed image text: You have just won a two-part lottery! The first part will pay you $50,000

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Transcribed image text: You have just won a two-part lottery! The first part will pay you $50,000 at the end of each of the next 20 years. The second part will pay you $1,000 at the end of each month over the same 20 year period. Assuming a discount rate of 8%, what is the present value of your winnings? O $464,292 O $495,048 O $610,462 O $567,572 O $529,303

Posted Date: Jul 03, 2024 11:20 AM

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Transcribed image text: You have just won a two-part lottery! The first part will pay you $50,000

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