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inst won the lettery! He will be paid $2 million per year for 20 years, starting to Payments are made at the beginning of the

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inst won the lettery! He will be paid $2 million per year for 20 years, starting to Payments are made at the beginning of the year.) The lottery offers you a one-time lump sur payment today of 30.9 mil inplace of the annuity. What Apy is the lottery using to calculate the present value of the lottery winnings? (Enter your percentage rounded to one decimal place) Question 12 7 pts Jack just turned 28 years old yesterday. He has saved $50,000 so far towards retirement. He wants to have $3 million when he retires at age 60. How much does he have to save every month, first payment one month from today, if Jack earns 9% APR (0.75% monthly) on all his money? (Round to the nearest cent.) D Question 13 4 pts Consider the value in 10.750dith the first $2.500. be made from toda MacBook Air F2 20. F3 DOO 000 F4

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