What is the present value of this promised payment
You won a small lottery that will pay you $15,000 per year for 25 years. If the first payment will occur at the end of this year and the appropriate discount rate is 3.5%, what is the present value of this promised payment stream?
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you won a small lottery that will pay you 15000 per year for 25 years if the first payment will occur at the end of
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