Question: You have just won $ 2 , 2 5 0 , 0 0 0 in a state lottery. You will be paid an annuity of

You have just won $2,250,000 in a state lottery. You will be paid an annuity of $90,000 a year for 25 years. When the annual rate of inflation is 4%, what is the present value of this income in dollars? (Round your answer to the nearest cent.)

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