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You just won $30000 from the state lottery. Assuming you will receive the money in equal installments over 8 years and that the state lottery
You just won $30000 from the state lottery. Assuming you will receive the money in equal installments over 8 years and that the state lottery earns a 9 percent return on its funds, what is the present value of your prize before taxes if you request the 'up-front cash' option (round to the nearest whole number)?
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