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need experrt asap A lottery winner was offered a payment of $28,900 for 32 years or a lum-sum payment of 500,000 . She could invest
need experrt asap
A lottery winner was offered a payment of $28,900 for 32 years or a lum-sum payment of 500,000 . She could invest the cash flows at 4.1 percent. What should she do? (Round to the nearest dollar.) She should take the lump-sum because it is valued at $500,000 She should take the amnity because it is valued at $510,032 She should take the annuity becisuse it is valued at $500.000 She should take the lump-sum because its value is more 450,000 Step by Step Solution
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