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02-09-2020
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A lottery claims its grand prize is $10 million, payable over 5 years at $2,000,000 per year. If the first payment is made immediately, what is this grand prize really worth

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Tundexi Tundexi

02-09-2020

Answer:

The grand prize is really worth $8,930,211.23

Explanation:

The working is as attached.

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