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QUESTION
I won the strayer lottery jackpot of 11,000,000 and it will be paid in 26 equal annual payments beginning immediately.
I won the strayer lottery jackpot of 11,000,000 and it will be paid in 26 equal annual payments beginning immediately. If i had the money, I could invest in an account with quoted annual interest rate 9%with monthly compounding of interest. What is the present value of the payments I will receive?
