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EXCEL FORMULA ONLY PLEASE You win a lump sum of $2,000,000 or can choose to receive annual end-of-year payments of $105,000 for 30 years. If
EXCEL FORMULA ONLY PLEASE
You win a lump sum of $2,000,000 or can choose to receive annual end-of-year payments of $105,000 for 30 years.
If your money can earn 3% a year, what is the value of the annual annuity stream option?
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