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You just won the lottery. Congratulations! The jackpot is $60,000,000, paid in three equal, annual payments. The first payment on the lottery jackpot will be

You just won the lottery. Congratulations! The jackpot is $60,000,000, paid in three equal, annual payments. The first payment on the lottery jackpot will be made today. In PV terms, how much did you really win? Use an annual interest rate of 11.00%

In PV terms, you won__________.

Please show the steps by using financial caculator. Thanks!

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