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You just won a prize and as your prize you will receive unending payments. First payment will be paid one year from today and it
You just won a prize and as your prize you will receive unending payments. First payment will be paid one year from today and it will be $75.000. The payments will increase by 3.2 percent annually thereafter. What is the present value of your prize if the discount rate is 7.6 percent? a. $1.704,545.46 b. $2.343.750.00 O c. $846,918.22 d. $1,350,000.00 e. $986.842.11
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