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Congratulations! You have just won the Super Lottery valued at 2 5 million dollars! Under lottery rules, you have been given the option of accepting
Congratulations! You have just won the Super Lottery valued at million dollars! Under lottery rules, you have been given the option of accepting a onetime lumpsum payment of $ million today or equal annual payments for the next years.
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Calculate the annual payment that makes you indifferent to either option?
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