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Posted on Aug 07, 2024

You have just won the lottery and will be recelving $ 4 8 , 0 0 0 per year for life in monthly payments. The

You have just won the lottery and will be recelving $

48, 000

per year for life in monthly payments. The current interest rate is

. 5 %

per month. What is the value of this perpetuity?

Numeric Response

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