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Problem 5 Intro You win the Publishers Clearing House Sweepstakes. You can choose between getting a lump sum of $5,594,865 now or getting $800,000 every

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Problem 5 Intro You win the Publishers Clearing House Sweepstakes. You can choose between getting a lump sum of $5,594,865 now or getting $800,000 every year for 10 years, starting one year from now. If you take the money now and invest it, you'll expect to earn an annual return of 7%. 18 Attempt 1/10 for 10 pts. Part 1 What is the present value of the 10 yearly payments? No decimals Submit

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