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You have just won the lottery and will receive $50,000 per year at the end of each of the next 10 years. At a 10%
You have just won the lottery and will receive $50,000 per year at the end of each of the next 10 years. At a 10% discount rate, what is the present value of the winnings?
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
