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Congratulations! You just won the Pennsylvania Lotto Wild Ca$h Multiplier their newest scratch-off game. The prize consists of 28 annual payments of $35,500 each. If

Congratulations! You just won the Pennsylvania Lotto Wild Ca$h Multiplier their newest scratch-off game. The prize consists of 28 annual payments of $35,500 each. If the interest rate is 6.4 percent, what is the present value of the Wild Ca$h Multiplier prize if you receive the first annual payment in exactly 5 years?

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