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Business, 22.04.2020 17:27 kennyg02

You have just won the lottery and will receive $560,000 in one year. You will receive payments for 22 years, and the payments will increase 3 percent per year. If the appropriate discount rate is 10 percent, what is the present value of your winnings?

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You have just won the lottery and will receive $560,000 in one year. You will receive payments for 2...
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