Calculate the net present value of this investment

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Question - A lottery winner can take $6 million now or be paid $600,000 at the end of each of the next 16 years. Calculate the net present value of this investment. Assume a 4% interest rate.

A. $6,000,000

B. $6,356,988

C. $6,776,451

D. $6,991,377

Reference no: EM133019330

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