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You have just won the lottery and must decide between $3,000,000 paid in 20 annual payments of $150,000 with the first payment coming one year

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You have just won the lottery and must decide between $3,000,000 paid in 20 annual payments of $150,000 with the first payment coming one year from today or a lump sum payment today. If fair market interest rates are 7% what lump sum payment today is equivalent to the annual $150,000 payments? Round your answer to the nearest dollar

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