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You just won the lottery, which promises you $200 000 per year for the next 20 years. You receive the irst payment today in annuity
You just won the lottery, which promises you $200 000 per year for the next 20 years. You receive the irst payment today in annuity due f your discount rate s 92 % at the prese t value of your winnings? $%1.774.025 $1.793.643 $2.038.975 $1,959.555 O $1,885,159
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