at 7% I got a PV of $15,762,394.30
However, 7% is a bit high now considering the real rate of inflation and where short term rates are. I would bet they are using a 3% or 4% rate, but the Government isn't about to give too much $ away to a winner, they'd rather misappropriate it.
Adn, if a poor person wins it, fuck it, that poor bastard is seeing more money in a year than they would in a life time.
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