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You have just won the lottery and will receive $480,000 in one year. You will receive payments for 17 years, and the payments will increase
You have just won the lottery and will receive $480,000 in one year. You will receive payments for 17 years, and the payments will increase 3 percent per year. If the appropriate discount rate is 12 percent, what is the present value of your winnings? 0 $4,049.451 0 $3,887,473 0 $16.821,694 0 $69.909 0 $16.821.694
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