Question: you have won a small lottery in which you will receive a series of payments forever. the payments start at $1,100 received today and grow

you have won a small lottery in which you will receive a series of payments forever. the payments start at $1,100 received today and grow effectively at 4.75% a year forever. given an APR of 6.75% compounded quarterly, what is the present value of your lottery winnings?

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