Megan has just won the state lottery which promises to pay, Financial Management

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Megan has just won the state lottery which promises to pay

Megan has just won the state lottery, which promises to pay her $1,000,000 per year for the next 30 years. Moreover, she is will receive the first payment today. Assuming an interest rate of 4%, calculate the present value of her winnings. (Round to 2 decimal places)

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Financial Management: Megan has just won the state lottery which promises to pay

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Financial Management: Megan has just won the state lottery which promises to pay

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