Solved: Calculate and show the ending amount, Finance Basics

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Calculate and show the ending amount

Problem:

You win $5,000,000 in the lottery. You can take it all now or receive payments over the next twenty years. Assume the discount rate is 4%. Calculate and show the ending amount as well as explain what is the value of money represented by the situation and how did you arrive at the value?

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Finance Basics: Calculate and show the ending amount

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Finance Basics: Calculate and show the ending amount

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