You have just won the strain lottery jackpot of $11 million. You will be paid and 26
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Question:
You have just won the strain lottery jackpot of $11 million. You will be paid and 26 equal and will installments beginning immediately. If you have the money now, you could invest it in an account with a quality annual interest rate of 9% with a monthly compounding interest. What is the present value of the payment you were Recieve?
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