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You just won a lottery that makes payment at the end of the year annually forever. The first payment will be $ 1 , 8
You just won a lottery that makes payment at the end of the year annually forever. The first payment will be $ and will be paid one year from today. Every year thereafter, the payments will increase by percent annually. What is the present value of your prize at a discount rate of percent?
Do not round any intermediate calculations. Round your final answer to decimal places and enter it in the box below.
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