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You just won the $53 million lottery. You will receive $2.2 million a year for the next 20 years plus an additional payment of $9
You just won the $53 million lottery. You will receive $2.2 million a year for the next 20 years plus an additional payment of $9 million at the end of 20 years. The interest rate is 12 percent.
How much is your lottery prize worth today? (Enter your answer as a positive number rounded to 2 decimal places.)
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