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What is the present value of your winnings at discount rate

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Reference no: EM132833731

Question - You have just won the lottery. You and your heirs will receive $25,000 forever beginning one year from now.

What is the present value of your winnings at a discount rate of 7%?

What would be the present value of the lottery win if the first payment were received today?

Reference no: EM132833731

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