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The $62.5 millin lottery payment that you have just won actually pays $2.5 million per year for 25 years. The interest rate is 10% a-

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The $62.5 millin lottery payment that you have just won actually pays $2.5 million per year for 25 years. The interest rate is 10% a- If the first payment comes in 1 year, what is the present value of the winnings? (Do not round intermediate calculations. Enter your answer in dollars, not millions, rounded to 2 decimal places.) Answer is complete but not entirely correct. 226 b. What is the present value if the first payment comes immediately? (Do not round intermediate calculations. Enter your answer in dollars, not millions, rounded to 2 decimal places 3 Answer is complete but not entirely correct. 249 O

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