Solve the net present value of the investment

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Problem 1: 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: EM132929145

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