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What is the present value of this amount

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Reference no: EM132606931

Question - John won a lottery that will pay him $430000 at the end of each of the next twenty years. Assuming an appropriate interest rate is 10% compounded annually, what is the present value of this amount?

A. $17628061.

B. $111121.

C. $4874303.

D. $3660831.

Reference no: EM132606931

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