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You have just won the lottery and will receive $490,000 in oneyear. You will receive payments for 30 years, which will increase 3percent per year. The appropriate discount rate is 11 percent.


Required:

What is the present value of your winnings?


rev: 09_17_2012

$21,405

$51,641,854

$51,641,854

$5,256,545

$5,475,568

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Sixta Kovacek
Sixta KovacekLv2
28 Sep 2019

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