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PV = 147.23 2. A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment

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PV = 147.23 2. A lottery claims its grand prize is $10 million, payable over 20 years at $500,000 per year. If the first payment is made immediately, what is this grand prize really worth? Use a discount rate of 6%

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