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You just won the lottery! Your prize begins with a payment of $10,000, which you will receive one year from today. Every year forever after,

You just won the lottery! Your prize begins with a payment of $10,000, which you will receive one year from today. Every year forever after, the payments will increase by 4 percent annually. What is the present value of your prize at a discount rate of 6 percent per year?

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