(Answered) A lottery claims its grand prize is 20 million payable over

Management Studies

A lottery claims its grand prize is ?$20 ?million, payable over 5 years at ?$4,000,000 per year. If the first payment is made? immediately, what is the grand prize really? worth? Use an interest rate of 8?%. The real value of the grand prize is ?$ nothing. ?(Round your response to the nearest? dollar.)

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