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You and 1 1 coworkers just won $ 1 2 million ( $ 1 , 0 0 0 , 0 0 0 . 0 0

You and 11 coworkers just won $12 million ($1,000,000.00 each) from the state lottery. Assuming you each receive your share over 15 years and that the state lottery earns a 3 percent return on its funds what is the present value of your prize before taxes if you request the 'up-front cash' option?Click on the table icon to view the annuity table
The present value of your prize before taxes if you request the 'up-front cash' option is??? $(Round your answer to the nearest dollar.)
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