In the entry forms for its contests, Publisher’s Clearing House states, “You may have already won $10,000,000.” If the Prize Patrol visits your house to inform you that you have won, it offers you...

In the entry forms for its contests, Publisher’s Clearing House states, “You may have already won $10,000,000.” If the Prize Patrol visits your house to inform you that you have won, it offers you $333,333.33 each and every year for 30 years. If the interest rate is 8% p.a., what is the actual present value of the $10,000,000 prize?