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You won the lottery and it begins making twenty-five annual payments of $1,000,000 four years from today. The interest rate is 6%. What would you

You won the lottery and it begins making twenty-five annual payments of $1,000,000 four years from today. The interest rate is 6%. What would you take in cash today in exchange for these payments?

12,174,879.23

10,733,152.33

11,595,123.07

10,125,615.41

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