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Prizes are often not worth as much as claimed. You have won a prize of $5,000,000 which is to be received in equal payments over

Prizes are often not "worth" as much as claimed. You have won a prize of $5,000,000 which is to be received in equal payments over 20 years, with the first payment beginning today. If you can earn an interest rate of 7 percent over the 20 years, what is the present value of your prize?

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