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You have just won the lottery and will receive $640,000 in one year. You will receive payments for 17 years, and the payments will increase

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You have just won the lottery and will receive $640,000 in one year. You will receive payments for 17 years, and the payments will increase 4 percent per year. If the appropriate discount rate is 10 percent, what is the present value of your winnings? Multiple Choice $6,293,691 O $17,01,518 $126,621 O $6,555,928 0 $17,011,518

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