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You just won the lottery and have elected to receive it in equal payments, starting today and lasting 20 years (20 payments). The value

You just won the lottery and have elected to receive it in equal payments, starting today and lasting 20 years (20 payments). The value of the lottery is $2,500,000 today. If the lottery's discount rate is 8%, how much will you receive each year? (Choose the closest answer.) $125,000 $254,631 $235,769 $231,093

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