Mattsaman708 Mattsaman708

14-10-2022
Business

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congratulations! you just won the lottery for $3.75 million. you are given the option of receiving $1.8 million now or you can receive $150,000 at the end of every year for 25 years. if you can earn 5% interest on your investments annually, what is the value of the annuity option?

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