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You just won a national sweepstakes, for your prize you opted to receive never ending payments. The first payment will be 12,500$ and will be

You just won a national sweepstakes, for your prize you opted to receive never ending payments. The first payment will be 12,500$ and will be payed one year from today. Every year after the payments will be increased by 3.5 percent annually. What is the present value of your prize at a discount rate?

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