You have just won the lottery and will receive $570,000 in one year. You will receive payments for 20 years, and the pay

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answerhappygod
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You have just won the lottery and will receive $570,000 in one year. You will receive payments for 20 years, and the pay

Post by answerhappygod »

You have just won the lottery and will receive $570,000 in one
year. You will receive payments for 20 years, and the payments will
increase 5 percent per year. If the appropriate discount rate is 11
percent, what is the present value of your winnings?
$70,699
$19,366,704
$6,373,561
$19,366,704
$6,118,619
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