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13-12-2022
Mathematics

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You just won the lottery, which promises you $540,000 per year for the next 20 years, starting in one year. if your discount rate is 8.25%, what is the present value of your winnings?a. $5,475,199 b. $5,356,196 c. $5,426,920 d. $5,470,679 e. $5,204,600

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