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You have just won the lottery. You and your heirs will receive $25,000 per year forever, beginning one year from now. What is the present

You have just won the lottery. You and your heirs will receive $25,000 per year forever, beginning one year from now. What is the present value of this lottery given an 8% discount rate? $182, 500 $200,000 $287, 500 $312, 500 $337, 500

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