What is the present value of your lottery winnings if you win a total of $12,000,000 paid
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Question:
What is the present value of your lottery winnings if you win a total of $12,000,000 paid out in the amount of $600,000per yearfor the next 20 years? The winnings will be discounted at a rate of 10%
$5,108,400
$34,364,400
$373,450$17,246.12
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