Business, 06.10.2019 03:00, favre22fs

You have just won the lottery and will receive $1,000,000 in one year. you will receive payments for 25 years and the payments will increase by 2 percent per year. if the appropriate discount rate is 6 percent, what is the present value of your winnings? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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You have just won the lottery and will receive $1,000,000 in one year. you will receive payments for...