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A lottery claims its grand prize is $ 1 0 million, payable over 5 years at $ 2 , 0 0 0 , 0 0
A lottery claims its grand prize is $ million, payable over years at $ per year. If the first payment is
made immediately, what is the grand prize really worth? Use an interest rate of
The real value of the grand prize is $Round your response to the nearest dollar.
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