Estimate the present value of your winnings

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Reference no: EM132059647

You have just won a two-part lottery. the first park will pay you $50,000 at the end of each of the next 20 years. The second part will pay you $1,000 at the end of each month over the same 20 year period.

Assuming a discount rate of 9%, what is the present value of your winnings? Need calculations in excel and/or financial calculator.

Reference no: EM132059647

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