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Williamwon a lottery that will pay him $440000at the end of each of the next twenty years. Assuming an appropriate interest rate is10% compounded annually,

Williamwon a lottery that will pay him $440000at the end of each of the next twenty years. Assuming an appropriate interest rate is10% compounded annually, what is the present value of this amount?

$3745966.

$25201000.

$4120562.

$65402.

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