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You have just won $1,000,000 in the Tennessee Lottery. You will receive payments of $40,000 per year (at the end of each year) for the
You have just won $1,000,000 in the Tennessee Lottery. You will receive payments of $40,000 per year (at the end of each year) for the next 25 years. If the discount rate is 8 percent, what are your winnings worth today? How would I input this information using a financial calculator?
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