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Suppose you just won the state lottery, and you have a choice between receiving $3,250,000 today or 20 payments of $250,000 each to be received

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Suppose you just won the state lottery, and you have a choice between receiving $3,250,000 today or 20 payments of $250,000 each to be received beginning of each year What rate of return is built into the annuity? Disregard taxes. 6.18% O4.75% 5.09% 6.63% 7.57% 4.22% Page 7 of 15

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