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You win the lottery and must decide how to take the payout. Use a 4%...

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Accounting

You win the lottery and must decide how to take the payout. Use a 4% discount rate. What is the present value of $11,000 a year received at the end of each of the next 6 years.

a. 28,115

b. 57,662

c. 66,000

d. 8,690

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