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Suppose you have won a lottery that pays $1234 per month for the next 15 years, but you would prefer to have the entire amount

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Suppose you have won a lottery that pays $1234 per month for the next 15 years, but you would prefer to have the entire amount given to you as a lump sum now. If the lottery has its money in an account earning annual interest at a rate of 7%, compounded monthly, how much (to the nearest cent) will you be given as a lump sum

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