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Suppose you win the Publishers Clearing House Sweepstakes. The money is to be paid in equal, annual installments of $3,399 at the end of each

Suppose you win the Publishers Clearing House Sweepstakes. The money is to be paid in equal, annual installments of $3,399 at the end of each year for the next 28 years. If the appropriate discount rate is 7.2%, how much is the sweepstakes worth today?

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