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You win the lottery and must decide how to take the payout. Use a 4% discount rate. What is the present value of $11,000 a
You win the lottery and must decide how to take the payout. Use a 4% discount rate. What is the present value of $11,000 a year received at the end of each of the next 6 years.
a. 28,115
b. 57,662
c. 66,000
d. 8,690
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