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4. The Lucky Leprechaun Casino awards $5,000,000. It will be paid over the next 50 years at the rate of $100,000 per year with the

4. The Lucky Leprechaun Casino awards $5,000,000. It will be paid over the next 50 years at the rate of $100,000 per year with the first payment today. With a discount rate of 11 percent, what is the present value of this prize?

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