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Thomas won a lottery that will pay him $490000 at the end of each of the next twenty years. Assuming an appropriate interest rate is

Thomas won a lottery that will pay him $490000 at the end of each of the next twenty years. Assuming an appropriate interest rate is 7% compounded annually, what is the present value of this amount?

$20087790.

$126626.

$5191065.

$5554438.

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