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You just won the lottery. Congratulations! The jackpot is $85,000,000, paid in four equal annual payments. The first payment on the lottery jackpot will be

You just won the lottery. Congratulations! The jackpot is $85,000,000, paid in four equal annual payments. The first payment on the lottery jackpot will be made today, the present value terms you really won __________________. Assuming the annual interest rate of 6.50%.

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