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You have just won the lottery and have been promised an annual payment of $120,000 every year forever starting one year from today. If the
You have just won the lottery and have been promised an annual payment of $120,000 every year forever starting one year from today. If the annual interest rate is 9.0%, what is the present value of the winnings?
$1,333,333 |
$2,666,667 |
$1,654,234 |
$4,569,885 |
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