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You just won the lottery, which promises you $260,000 per year for the next 20 years, starting today (annuity due). If your discount rate is

You just won the lottery, which promises you $260,000 per year for the next 20 years, starting today (annuity due). If your discount rate is 7%, what is the present value of your winnings?

2,947,254

$3,223,973

$3,088,082

$3,229,548

$2,754,443

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