Computing present value of given lottery

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What is the present value of these payments if the appropriate discount rate is 8%?You just received notice that you have won the $2 million Indiana Lottery. You will receive $100,000 per year for 20 years with your first payment received today.

Reference no: EM1363481

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Computing present value of given lottery : You just received notice that you have won the $2 million Indiana Lottery. You will receive $100,000 per year for 20 years with your first payment received today.

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