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You have just won the lottery and will receive $560,000 in one year. You will receive payments for 19 years, which will increase 4 percent

You have just won the lottery and will receive $560,000 in one year. You will receive payments for 19 years, which will increase 4 percent per year. The appropriate discount rate is 10 percent.

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What is the present value of your winnings?

rev: 09_17_2012

$6,118,124
$17,760,119
$5,873,399
$17,760,119
$91,564

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