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Business, 14.06.2021 16:00 anyar

You have just won ​$20,000 in the state​ lottery, which promises to pay you ​$1,000​ (tax free) every year for the next twenty years. The interest rate is​ 5%. In​ reality, you receive the first payment of ​$1,000​ today, which is worth ​$ nothing today. ​(Round your response to the nearest penny.​) The value of the second​$1,000 payment is worth ​ $

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