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Sam was injured in an accident, and the insurance company has offered him the choice of $31.000 per year for 15 years, with the first

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Sam was injured in an accident, and the insurance company has offered him the choice of $31.000 per year for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave him as well off financially as with the annuity? O a. $223,564.46 Ob S279,455.58 O c $264.747.39 d. S361.821.43 S294.163.77

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