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6. The Florida lottery agrees to pay the winner $1,000,000 as an annuity of $50,000 for the next 20 years. What is the present value

6. The Florida lottery agrees to pay the winner $1,000,000 as an annuity of $50,000 for the next 20 years. What is the present value of this prize if each payment is discounted by 9 percent? PV=456427.28 FV-0 PMT 1000000 RATE-9% NPER 20

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