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Suppose you win a lottery that pays you $500,000 a year for the next 30 years. You will receive the first payment exactly one-year from

Suppose you win a lottery that pays you $500,000 a year for the next 30 years. You will receive the first payment exactly one-year from today, the second two years from today and so on. If the current interest rate is 4%, what could you sell your lottery win for (i.e., what is its present value?)

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