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25-09-2017
Mathematics

contestada

You have just won the lottery and will receive $1,000,000 in one year. you will receive payments for 30 years, and the payments will increase 3 percent per year. if the appropriate discount rate is 7 percent, what is the present value of your winnings?

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BrandinD1515 BrandinD1515

27-09-2017

The answer is 30,900,000

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