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Gabrielle just won $2.7 million in the state lottery. She is given the option of receiving a of $1,100,000 now, or she can elect to

Gabrielle just won $2.7 million in the state lottery. She is given the option of receiving a of $1,100,000 now, or she can elect to receive $90,000 at the end of each of the next

30 years. If Gabrielle can earn 8% annually on her investments, which option should she take?

If Gabrielle takes the prize as an annuity, the present value of the 30-yearordinary annuity is ?

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