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How much is an electronic lottery prize worth today that would be paying you $ 45,000...

How much is an electronic lottery prize worth today that would be paying you $ 45,000 per year for the next 20 years if the discount rate is 4.0% (Note: taxes have already been deducted from the annuity)?

a)$ 611,565

b)$ 936,000

c)$ 565,346

d)$ 450,565

e)$ 900,000

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