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Suppose that the discount rate is 6 how much money worth

Problem 1: Melody won a $30 million lottery today. The payout is the following: Melody gets $1 million today and $1 million each year for the next 29 years. Suppose that the discount rate is 6%, how much money worth today for the lottery assuming federal tax rate is 25% and state tax is 8%?

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Finance Basics: Suppose that the discount rate is 6 how much money worth

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Finance Basics: Suppose that the discount rate is 6 how much money worth

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