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You have won a small lottery in which you will receive a series of payments forever. The payments start at $1,047 received today and grow

You have won a small lottery in which you will receive a series of payments forever. The payments start at $1,047 received today and grow effectively at 2.80% a year forever. Given an APR of 8.80% compounded quarterly, what is the present value of your lottery winnings?

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