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You have just won the lottery and will receive $520,000 in one year. You will receive payments for 27 years, and the payments will increase

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You have just won the lottery and will receive $520,000 in one year. You will receive payments for 27 years, and the payments will increase 3 percent per year. If the appropriate discount rate is 11 percent, what is the present value of your winnings? Multiple Choice O $42,481,121 $42,481,121 O $5,411,926 $31,066

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