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26) Jack won a sweepstake jackpot, payable in the form of a 15-year annuity with equal annual payments beginning immediately and totaling $3,000.00. if he

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26) Jack won a sweepstake jackpot, payable in the form of a 15-year annuity with equal annual payments beginning immediately and totaling $3,000.00. if he wishes, he can choose to instead receive the present value of his annuity, calculated by using a 7.5% interest rate. How much would he get under that option

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