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You have just won the lottery and will receive $520,000 in one year. You will receive payments for 29 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 29 years, and the payments will increase 5 percent per year. If the appropriate discount rate is 11 percent, what is the present value of your winnings? Multiple Choice O $25,214 O $6.936,948 O $34,757.231 $6.659.470 A O $25,214 $6,936,948 $34.757,231 $6,559,470 $34757,231

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