You have just won the lottery and will receive 1000000 in, Ask an Expert

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You have just won the lottery and will receive $1,000,000 in one year. You will receive payments for 30 years and the payments will increase 2.2 percent per year.

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Question 1: If the appropriate discount rate is 6.2 percent, what is the present value of your winnings?

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Category:- Basic Finance
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