Question: Lucky Larry wins $ 1 , 0 0 0 , 0 0 0 in a state lottery. The standard way in which the state pays

Lucky Larry wins $1,000,000 in a state lottery. The standard way in which the state pays such lottery winnings is at a constant rate of $40,000 per year for 25 years. Round your answer to the nearest $10.
If Lucky invests each payment from the state at 7% compounded continuously, what is the accumulated future value of the income stream?
$
What is the accumulated present value of the income stream at 7%, compounded continuously? (This amount represents what the state has to invest at the start of its lottery payments, assuming the 7% interest rate holds.)
$
 Lucky Larry wins $1,000,000 in a state lottery. The standard way

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