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15. Problem 5.21 (Evaluating Lump Sums and Annuities) eBook Problem Walk-Through Kristina just won the lottery, and she must choose among three award options. She

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15. Problem 5.21 (Evaluating Lump Sums and Annuities) eBook Problem Walk-Through Kristina just won the lottery, and she must choose among three award options. She can elect to receive a lump sum today of $63 million, to receive 10 end-of-year payments of $9.4 million, or to receive 30 end-of-year payments of $5.6 million. & If she thinks she can earn 7% percent annually, which should she choose? b. If she expects to earn 8% annually, which is the best choice? c. If she expects to eam 9% annually, which option would you recommend? d. Explain how interest rates influence her choice. Grade it Now Save & Continue Fantini ahutuina

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