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For the next 1 4 years, Debra will receive a $ 1 4 0 0 0 check at the end of every year as part
For the next years, Debra will receive a $ check at the end of every year as part of an insurance settlement. Round your answers to the nearest dollar. Only round your final answers. Do not round intermediate steps.
a Assuming she were to deposit that money into an annuity at compounded continuously, how much would her annuity be worth at the end of the years?
b She is offered a onetime lump sum amount payment, the amount being what she would need now that would grow to the future value found in part a at the same percentage rate. What is that lump sum?
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