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Question Emad has won $1,000,000 in his state lottery. He will receive twenty level payments with the first payment now, and subsequent payments at one-year

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Question Emad has won $1,000,000 in his state lottery. He will receive twenty level payments with the first payment now, and subsequent payments at one-year intervals. What is the value of each payment at an annual interest rate of 3%? (Answer to the nearest ten) Possible Answers A 65.140 B 65,260 C 65.270 D 67,130 E 67,216

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