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You just won the lottery! The payout is $500,000 a year paid at the end of the year for the next 20 years. If you

You just won the lottery! The payout is $500,000 a year paid at the end of the year for the next 20 years. If you took the lump-sum of this annuity today assuming the annuity earns 4% interest, how much would you receive?

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