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You have won a $500 million Lotto and are given the choice of receiving $19,230,769.23 every year for the next 26 years, or receiving one
You have won a $500 million Lotto and are given the choice of receiving $19,230,769.23 every year for the next 26 years, or receiving one lump sum payment. If the discount rate is 4%, how much would the lump sum payment be
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