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lottery claims its grand prize is $20 million, payable over 5 years at $4,000,000 per year. If the first payment is made immediately, what is

lottery claims its grand prize is $20 million, payable over 5 years at $4,000,000 per year. If the first payment is made immediately, what is the grand prize really worth? Use an interest rate of 7%. The real value of the grand prize is $. (Round your response to the nearest dollar.)

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