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Congratulations! You are the sole winner of the $ 1 0 million jackpot lottery. You can choose to take the lump sum option of $
Congratulations! You are the sole winner of the $ million jackpot lottery. You can choose to take the lump sum option of $ million today after taxes or accept annual payments of $also after taxes Assume an annual interest rate of This is a Present Value to Present Value comparison. We know the present value of a lump sum payment is million. Using the Finance Calculator, what is the present value of all the annual payments combined over those years?
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