Yasser has just won the Quebec Lottery with a jackpot of $1,000,000. His winnings will...
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Yasser has just won the Quebec Lottery with a jackpot of $1,000,000. His winnings will be paid out in 50 equal annual installments with the first payment made immediately! He believes the appropriate annual discount rate is 6%. How much will Yasser receive in payments? Hint: set to beginning.
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