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You just won a lottery! For your prize, you opted to receive never - ending payments. The first payment will be $ 1 2 ,
You just won a lottery! For your prize, you opted to receive neverending payments. The first payment will be $ which will be
paid one year from today. The payments will grow by percent every year. What is the present value of your prize at an interest
rate of percent?
A $
B $
C $
D $
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