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Sam was injured in an accident, and the insurance company has offered him the choice of $25,000 per year for 15 years, with the first
Sam was injured in an accident, and the insurance company has offered him the choice of $25,000 per year for 15 years, with the first payment being made lump sum. If a far return is 7.5%, how large must the lump sum be to lies as wet of as with the annuity? $225, 367 $237, 229 $249, 090 $261, 545 $274, 622
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