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ay ecenty won the lottery. To receive her winnings, the lottery is offering her two choices: an annuity of $0.5 million per year for the

ay ecenty won the lottery. To receive her winnings, the lottery is offering her two choices: an annuity of $0.5 million per year for the next 15 years, or a single payment of $10 million right now. If Iggy expects to earn 12% annual interest on her investments, which option is better and by how much in present value terms? A- The amuity, by $1.58 million B-The single payment, by $36.10 million C-The single payment, by $6.59 million D-The amuity by $8.64 milion The single payment, by $2.50 million

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