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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
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?
Multiple Choice
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$43,112,114.58
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$48,693,998.89
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$44,693,998.89
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$45,381,173.25
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$46,893,879.02
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