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You win the lottery and must decide how to take the payout. Use an 8% discount rate. Which one of the following is the present
You win the lottery and must decide how to take the payout. Use an 8% discount rate.
Which one of the following is the present value of $10,000 a year received at the end of each of the next six years?
A.
$46,229
B.
$49,928
C.
$60,000
D.
$64,800
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