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You won the lotto. You are considering whether or not to accept a lump sum now or $37,839 at the end of every year for
You won the lotto. You are considering whether or not to accept a lump sum now or $37,839 at the end of every year for 15 years. Use 8% as the discount rate. How much is the stream of payments worth now? Round your answer to the nearest dollar
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