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You have won a lottery that pays you and your heirs $200 per year forever. The payments start in 2 Years from now. That is,

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You have won a lottery that pays you and your heirs $200 per year forever. The payments start in 2 Years from now. That is, the first payment is at time 2. Interest rates are at 10%. a What is a quick and clumsy estimate of the present value of the prize

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