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David won the lottery. He can take a single lump sum payout of $50 million dollars or recieve $1,000,000 per year for the next 25
David won the lottery. He can take a single lump sum payout of $50 million dollars or recieve $1,000,000 per year for the next 25 years. What rate of return would David need to break even if he took the lump sum amount instead of the annuity?
A.5.69%
B.5.31%
C.4.98%
D.4.75%
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