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You just won the $56 million lottery. You will receive $1.7 million a year for the next 25 years plus an additional payment of $13.5
You just won the $56 million lottery. You will receive $1.7 million a year for the next 25 years plus an additional payment of $13.5 million at the end of 25 years. The interest rate is 9 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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