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You have just won the lottery and will receive $1,500,000 in one year. You will receive payments for 30 years, and the payments will increase
You have just won the lottery and will receive $1,500,000 in one year. You will receive payments for 30 years, and the payments will increase by 1.5% per year. If the appropriate discount rate is 3.2%, what is the present value of your winnings
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Property Finance
Authors: Giacomo Morri, Antonio Mazza
1st Edition
1118764404, 978-1118764404
