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    Present Value of winnings

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    The USA Sweepstakes has informed Nancy that she won $1 million. The amount is to be paid out at a rate of $50,000 a year for the next 20 years. What is the present value of her winnings with a discount rate of 12 percent?

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    https://brainmass.com/business/annuity/present-value-winnings-222454

    Solution Preview

    The payments are an annuity and so we have to find the present value of the ...

    Solution Summary

    The solution explains how to calculate the present value of winnings

    $2.19

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