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Present value the western sweepstakes has just informed

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Reference no: EM13482021

Present value The Western Sweepstakes has just informed you that you have won $1 million. The amount is to be paid out at the rate of $50,000 a year for the next 20 years. With a discount rate of 12 percent, what is the present value of your winnings?

Reference no: EM13482021

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