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9. Chapter MC, Section .04, Problem 127.Algo Suppose you just won the state lottery, and you have a choice between receiving $4,500,000 today or a
9. Chapter MC, Section .04, Problem 127.Algo Suppose you just won the state lottery, and you have a choice between receiving $4,500,000 today or a 20-year annuity of $250,000, with the first payment coming one year from today. What rate of return is built into the annuity? Disregard taxes. Select the correct answer. Ca. 1.23% Ob. 1.13% Oc. 1.03% Od. 0.93% Ce. 0.83%
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