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You just won the lottery for one million dollars. It pays $50,000 twice a year for 10 years. If the payments are coming from an

You just won the lottery for one million dollars. It pays $50,000 twice a year for 10 years. If the payments are coming from an annuity that pays 8% compounded semi-annually, how much cash could you take up front instead of getting the semi-annual payments for 10 years? Round your answer to the nearest ten thousand and do not include commas or the dollar sign in your response

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