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After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large. well known magazine subscription company. It

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After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large. well known magazine subscription company. It has arrived with the good news that you are the big winner, having won $27 million. You have three options: a. Recelve $1.35 million per year for the next 20 years. b. Have $9.75 million today. c. Have $3.75 million today and recelve $1,050,000 for each of the next 20 years. Your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments. Required: 1. Calculate the present value of each option. (Euture Value of \$1.Present Value of \$1. Future Value Annuitycols1, Present Value Annulty of \$1) 2. Determine which option you prefer

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