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Suppose you have just won a lottery. You will receive a total of 29 annual payment, and each payment is $2,037. You will receive the

Suppose you have just won a lottery. You will receive a total of 29 annual payment, and each payment is $2,037. You will receive the first payment today. If you can earn 5% annual rate of return each year, how much is this lottery worth to you today?

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