Question: The Epic Contest awards $10,000,000. It will be paid over the next 50 years at the rate of $250,000 per year with the first payment

The Epic Contest awards $10,000,000. It will be paid over the next 50 years at the rate of $250,000 per year with the first payment today. With a discount rate of 9 percent, what is the present value of this prize

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