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You just won the TVM Lottery. You will receive $ 1 million today plus another 1 0 annual payments that increase by $ 4 5
You just won the TVM Lottery. You will receive $ million today plus another annual payments that increase by $ per year. Thus, in one year, you receive $ million. In two years, you get $ million, and so on
If the appropriate interest rate is percent, what is the value of your winnings today? Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to decimal places, eg
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