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Present value of an annuity On January 1, you win $60,750,000 in the state lottery. The $60,750,000 prize will Be paid in equal installments of

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Present value of an annuity On January 1, you win $60,750,000 in the state lottery. The $60,750,000 prize will Be paid in equal installments of $6,750,000 over nine years. The payments will be made on December 31 of each yeah beginning on December 31 of this year. The current rate is 6.5%. Determine the present value of your winnings. Round your answer to the nearest dollar. $

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