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

You just won the lottery. Congratulations! The jackpot is $60,000,000, paid in eight annual payments. The first payment on the lottery jackpot will be made today. In PV terms you really won ______________assuming the annual interest rate is 8 percent?

Please fill in the blank. Thank you

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