You have won a small lottery in which you will receive a series of payments forever.The payments

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You have won a small lottery in which you will receive a series of payments forever.The payments start at $800 received today and grow effectively at 3.25% a year forever.Given an APR of 5.25% compounded quarterly, what is the present value of your lottery winnings?

Posted Date: May 20, 2024 12:06 AM

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You have won a small lottery in which you will receive a series of payments forever.The payments

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