Question: Please compute the present value (the value today) of the lottery ticket using the below information. 1) Lottery ticket pays $10,000 per year for 5

Please compute the present value (the value today) of the lottery ticket using the below information.

1) Lottery ticket pays $10,000 per year for 5 years (i.e., 5 payments of $10,000)

2) The interest rate is 5% (i.e., discount rate is 5%)

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