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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

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 11%, what is the present value of your winnings?

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