Evaluate the present value of the winnings

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Reference no: EM132058645

Question

You have just won the lottery and will receive $50,000 per year at the end of each of the next 10 years. At a 10% discount rate, what is the present value of the winnings?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132058645

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