The western sweepstakes has just informed you that you have
The Western Sweepstakes has just informed you that you have won $1 million. The amount is to be paid out at the rate of $25,000 a year for the next 15 years. With a discount rate of 7 percent, what is the present value of our winnings?
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the western sweepstakes has just informed you that you have won 1 million the amount is to be paid out at the rate of
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