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you have won a small lottery in which you will receive a series of payments forever. the payments start at $1,100 received today and grow
you have won a small lottery in which you will receive a series of payments forever. the payments start at $1,100 received today and grow effectively at 4.75% a year forever. given an APR of 6.75% compounded quarterly, what is the present value of your lottery winnings?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
