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look at both pics You just won the lottery and will receive $2,000,000 per year, at the end of each year, for the next 20
look at both pics
You just won the lottery and will receive $2,000,000 per year, at the end of each year, for the next 20 years. What wo of the 20 payments today? Assume a discount rate of 6%. (PV of an ordinary annuity; round to the nearest dollar). $29,754,950 $28,424,807 $27,180,653 $24,924,421 $22,939,842 the next 20 years. What would your lump sum payoff be if you selected the "cash option" and will receive the present vaive nd to the nearest dollar) Step by Step Solution
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