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you have just won lottery of 11,000,000.your winnings will be paid to you in 26 equal installments with the first payment made immediately . if
you have just won lottery of 11,000,000.your winnings will be paid to you in 26 equal installments with the first payment made immediately . if you had the money now you could invest it in an account with a quoted annual interest rate of 9% with monthly compounding of interest . what is the present value of the stream of payments you will receive ?
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