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You have just won the lottery and will receive $630,000 in one year. You will...

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You have just won the lottery and will receive $630,000 in one year. You will receive payments for 19 years, and the payments will increase 4 percent per year. If the appropriate discount rate is 11 percent, what is the present value of your winnings? Multiple Choice $6,133,830 $22,027,420 $22,027,420 $6,389,406 $86,737

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