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You just one a lottery prize (powerball GA). Today's value of the prize is $600,000. However, you do not want to receive all the money

You just one a lottery prize (powerball GA). Today's value of the prize is $600,000. However, you do not want to receive all the money at once today. Instead you want to receive equal monthly amounts over 2 years. If the APR is 12% compounded monthly and the first monthly installment is to be received a month from today, how much is each of the monthly installments?

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