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Joan Lucky won the $44,000,000 lottery. She is to receive $2 million a year for the next 17 years plus an additional lump-sum payment of
Joan Lucky won the $44,000,000 lottery. She is to receive $2 million a year for the next 17 years plus an additional lump-sum payment of $10 million after 17 years. The discount rate is 9 percent. What is the current value of her winnings? (Use a Financial calculator to arrive at the answer. Round the final answer to the nearest whole dollar.)
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