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A lottery claims its grand prize is $20 20 million, payable over 5 5 years at $4 comma 000 comma 000 4,000,000 per year f

A lottery claims its grand prize is $20

20 million, payable over 5

5 years at $4 comma 000 comma 000

4,000,000 per year

f the first payment is madeimmediately, what is the grand prize reallyworrth

6%

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