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A lotterys prize is $ 1 0 million, paid over 2 years at $ 5 million per year. If the first payment is made immediately,

A lotterys prize is $10 million, paid over 2 years at $5 million per year. If the first payment is made immediately, what is the grand prize really worth (i.e. in present value terms)? The interest rate is 6%.

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