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How much is the $5 million lottery worth which starts at the end of year...

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Finance

How much is the $5 million lottery worth which starts at the end of year 5, and pays $1 million a year for 5 years at r=4%.

A. $3,545,951

B. $3,650,073

C. $4,451,822

D. $3,805,436

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