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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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