Question: PREVIOUS ANSWERS A $ 1 , 0 0 0 , 0 0 0 lottery prize pays $ 5 0 , 0 0 0 per year

PREVIOUS ANSWERS
A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of return is 3.25%, what is the present value of this prize? (Assume the lottery pays out as an ordinary annuity. Round your answer to the nearest cent.)
$ q,
PREVIOUS ANSWERS A $1,000,000 lottery prize pays $50,000 per year for

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