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Suppose you win the Publishers Clearinghouse $12 million sweepstakes. The money is paid in equal annual installments of $400,
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Answer #1

Ans $ 6,148,980.41

Annuity PV Factor (End of Year) = P [ 1 - ( 1 + r )-n ]
        r
400000* ( 1 - ((1 / (1 + 5%)^30)))
                          5%
307449.0205
0.05
6148980.41
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