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Mark won a lottery that will pay him $540000 at the end of each of the next twenty years. Assuming an appropriate interest rate is

Mark won a lottery that will pay him $540000 at the end of each of the next twenty years. Assuming an appropriate interest rate is 8% compounded annually, what is the present value of this amount?

$5301801.

$115857.

$5725944.

$24711458.

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