You have just won lottery of 11000000your winnings will be, Financial Management

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You have just won lottery of 11000000your winnings will be

You have just won lottery of 11,000,000.your winnings will be paid to you in 26 equal installments with the first payment made immediately . if you had the money now you could invest it in an account with a quoted annual interest rate of 9% with monthly compounding of interest. what is the present value of the stream of payments you will receive ?

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