On January 1 , you win $ 5 8 , 0 0 0 , 0 0 0
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Question:
On January you win $ in the state lottery. The $ prize will be paid in equal installments of $ over years. The payments will be made on December of each year, beginning on December of this year. If the current interest rate is
Determine the present value of your winnings. Round your answer to the nearest dollar.
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