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Example: Present Value of Annuity You are the lucky winner of $30 million state lottery. Option A : 30 Payment of $1 million per year

Example: Present Value of Annuity You are the lucky winner of $30 million state lottery. Option A : 30 Payment of $1 million per year (starting today) Option B: $15 million paid today Assume the interest rate is 8% Which option should you choose

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