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You win the lottery The lottery pays $50.000 a year for the next 10 years starting next year. If the discount rate is 5%, what

You win the lottery The lottery pays $50.000 a year for the next 10 years starting next year. If the discount rate is 5%, what is the present value of these lottery payment? (Rounded to the thousands) $386,000 $500,000 $1,000,000 $216,000

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