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You have just won the lottery and will receive $1,000,000 in one year. You will receive payments for 35 years and the payments will increase
You have just won the lottery and will receive $1,000,000 in one year. You will receive payments for 35 years and the payments will increase 2.1 percent per year. If the appropriate discount rate is 6.1 percent, what is the present value of your winnings
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
