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Finance Assignment | Professional Writing

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May 27th, 2020

You have just won the Georgia Lottery with a jackpot of $17,000,000. Your winnings will be paid to you in 26 equal annual installments with the first payment made immediately.

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Finance Assignment | Professional Writing
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Homework For You

If you had the money now, you could invest it in an account with a quoted annual interest rate of 10% with monthly compounding of interest. What is the present value of the stream of payments you will receive? O $7,524,448.27 $5,775,369.27 O $6,588,833.86 $5,989,848.96 O $6,380,125.90

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