Question: Current Attempt in Progress Edward has just won the lottery and will receive an annual payment of $ 3 5 0 , 0 0 0

Current Attempt in Progress Edward has just won the lottery and

Current Attempt in Progress
Edward has just won the lottery and will receive an annual payment of $350,000 every year for the next 10 years. If the annual interest rate is 12%, what is the present value of the winnings? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 0 decimal place, egh 5,275.
Click here to view Table 4.
Present value $
will receive an annual payment of $350,000 every year for the next

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