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Business, 12.08.2020 07:01 fatherbamboo

The $40 million lottery payment that you have just won actually pays $2 million per year for 20 years. The interest rate is 8%. a. If the first payment comes in 1 year, what is the present value of the winnings?

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The $40 million lottery payment that you have just won actually pays $2 million per year for 20 year...
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