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Fin Modeling Fin Modeling Fin Modeling 1. You Just won the Virginia lottery. To reclve your winnings, you must select one ofthe two following choices:

Fin Modeling Fin Modeling Fin Modeling

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1. You Just won the Virginia lottery. To reclve your winnings, you must select one ofthe two following choices: 1. You receive ayear atthe endofeach ofthe next 30years OR 2. You can receive aone-time payment today. 3. You receive at the end Of the second year. Assuming that the current interest rate is 6%. Which option is most valuable? (2 points) Show the formul in the orange section referencing the cells in green. Make the calculations in the turquoise cells. PMT Rate NPER 6% 30

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