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Steve Coleman has just won the state lottery and has the following three payout options for after - tax prize money: $ 1 6 6
Steve Coleman has just won the state lottery and has the following three payout options for aftertax prize money:
$ per year at the end of each of the next six years
$lump sum now
$lump sum six years from now
The annual discount rate is Compute the present value of the second option. Round to nearest whole dollar.
Present value of $ :
table
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