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F1). Sam Hill has just won the state lottery, paying $200,000 a year for the next 30 years. Sam will receive his first payment today.
F1). Sam Hill has just won the state lottery, paying $200,000 a year for the next 30 years. Sam will receive his first payment today. If the interest rate is 5%, what is the present value of his lottery winnings? (Enter a positive value and round to 2 decimals)
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