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Suppose you win a big prize in the lottery. The prize is a sequence of annual payments where you receive $4.50 million at year 0

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Suppose you win a big prize in the lottery. The prize is a sequence of annual payments where you receive $4.50 million at year 0 and then, every year after, the annual payment increases by 7.00% until year 9 (there are a total of 10 annual payments). What is the present value (in millions) of this prize at 9.00% annual interest rate? $33.37 $49.05 $31.48 O $41.46

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