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please help in how this is solved A lottery winner is given the choice of receiving a lump sum amount of $450,000 or a monthly

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A lottery winner is given the choice of receiving a lump sum amount of $450,000 or a monthly perpetuity starting in the upcoming month. At what perpetuity amount are both options equal for the lottery winner given their required annual rate of 12% ? Selected Answers: $4,500 Answers: $4,500 $4,545 $54,000 $60,480

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