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Rita Gonzales won the $44 million lottery. She is to receive $1.3 million a year for...

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Finance

Rita Gonzales won the $44 million lottery. She is to receive$1.3 million a year for the next 25 years plus an additional lumpsum payment of $11.5 million after 25 years. The discount rate is18 percent.

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Solution The present value of the payments to be    See Answer
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Rita Gonzales won the $44 million lottery. She is to receive$1.3 million a year for the next 25 years plus an additional lumpsum payment of $11.5 million after 25 years. The discount rate is18 percent.

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