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Calculate the present value of your lottery winnings

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Reference no: EM133018423

Problem - Congratulations! You have just won $2 billion in the largest Powerball jackpot payoff ever! You will receive payments of $100,000,000 per year for the next 20 years. Calculate the present value of your lottery winnings, assuming an interest rate of 4%.

Reference no: EM133018423

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