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You have just won the lottery and will receive $640,000 in one year. You will receive payments for 26 years, which will increase 4 percent

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You have just won the lottery and will receive $640,000 in one year. You will receive payments for 26 years, which will increase 4 percent per year. The appropriate discount rate is 10 percent. Required: What is the present value of your winnings? Multiple Choice $35,186,752 $8,185,330 $7.857,917 $53.699 $35.186,752

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