What is the present value of the winnings

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Reference no: EM131020142

The $ 122,472,000 lottery that you just won actually pays ($ 122,472,000 divided by 40 ) per year for 40 years. If the discount rate is 8 percent, and the first payment comes in 1 year, what is the present value of the winnings?

Reference no: EM131020142

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