Solved: You have just won the lottery jackpot of 11000000 you will, Business Management

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You have just won the lottery jackpot of 11000000 you will

You have just won the Lottery jackpot of $11,000,000. You will be paid in 26 equal annual installments beginning 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 payments you will receive?

Trying to solve this, any help is well appreciated.

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Business Management: You have just won the lottery jackpot of 11000000 you will

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