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You just won the $55 million Ultimate Lotto jackpot. Your winnings will be paid as $2,200,000 per year for the next 25 years. If the
You just won the $55 million Ultimate Lotto jackpot. Your winnings will be paid as $2,200,000 per year for the next 25 years. If the appropriate interest rate is 5.5 percent, what is the value of your windfall?
$30,494,340.24
$31,133,737.70
$29,510,651.84
$28,933,737.70
$28,035,119.25
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