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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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