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Assume that you just won $100,000,000 in the Florida lottery, and hence the state will pay you 20 annual payments of $5,000,000 each beginning immediately.

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Assume that you just won $100,000,000 in the Florida lottery, and hence the state will pay you 20 annual payments of $5,000,000 each beginning immediately. If the rate of return on securities of similar risk to the lottery earnings is 6 percent, what is the present value of your winnings? Please show your work

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