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You just won the $ 1 0 0 million Ultimate Lotto jackpot. Your winnings will be paid as $ 4 , 0 0 0 ,

You just won the $

100

million Ultimate Lotto jackpot. Your winnings will be paid as $

4, 000, 000

per year for the next

25

years. If the appropriate interest rate is

7.3

percent, what is the value of your windfall?

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