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MY NOTES Raul wins $8 million in a lottery. He is paid the winnings at $400,000 per year for 20 years. The lottery establishes an

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MY NOTES Raul wins $8 million in a lottery. He is paid the winnings at $400,000 per year for 20 years. The lottery establishes an annuity that makes the annual payments. How much should the lottery place in the annuity if it earns 3% compounded annually? X Need Help? Talk to a Tutor $

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