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Present value of an annuity On January 1, you win $40,250,000 in the state lottery. The $40,250,000 prize will be paid in equal installments of

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Present value of an annuity On January 1, you win $40,250,000 in the state lottery. The $40,250,000 prize will be paid in equal installments of 15,750,000 over seven years. The payments will be made on December 31 of each year, beginning on Decernber 31 of this year. The current interest rate is 5%. This information has been collected in the Micresont ticel Oniline file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Dpen spreadsheet Determine the present value of your winnings. Round your answer to the nearest dollar

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