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Viktor [21]
3 years ago
14

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?
Mathematics
1 answer:
larisa [96]3 years ago
3 0
The answer is 30,900,000
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