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You just won the lottery. You and your heirs will receive $40,000 per year forever, with the first payment received immediately. What is the present value of the lottery winning at a 9% discount rate? (round to the nearest dollar) a. $ 36,697 b. $444,444 c. $484,444 d. Infinite because you and your heirs will receive $40,000 per year forever e. None of the above

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Financial Management, Finance

Category:- Financial Management
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