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You just won the lottery. Congratulations! The jackpot is $ 1 0 million, paid in four equal, annual payments. The first payment on the lottery

You just won the lottery. Congratulations! The jackpot is $

10

million, paid in four 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

(

)

5.00 % .

solve manually and show inputs for a financial calculator.

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