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You won a lottery which pays $10,000 per year for 10 years (at beginning of next year). Assuming a discount rate of 8% calculate the

You won a lottery which pays $10,000 per year for 10 years (at beginning of next year). Assuming a discount rate of 8% calculate the present value of your expected winnings.

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Answer Year Cash Flows PV Factor 8 Present Value 1 1000000 09259 ... blur-text-image

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