Judy wins 1 million lottery instead of paying her a lump, Financial Management

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Judy wins 1 million lottery instead of paying her a lump

judy wins $1 million lottery. Instead of paying her a lump sum of $1 million today, the government offers her a payment stream of $50,000 a year over 20 years. The first payment will be made today. What is the value of the lottery assuming 5% interest rate?

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