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You won a lottery. The prize is 20 annual payments of $50,000 each with the first payment to be today. What is the value of

You won a lottery. The prize is 20 annual payments of $50,000 each with the first payment to be today. What is the value of this prize today at an 8 percent interest rate?

A. $490,907.37

B. $106,359.92

C. $154,876.34

D. $530,179.96

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