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You have just won the lottery and will receive $650,000 in one year. You will receive payments for 29 years, and the payments will increase
You have just won the lottery and will receive $650,000 in one year. You will receive payments for 29 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? |
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$8,703,522
$44,270,668
$8,355,381
$44,270,668
$40,976
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