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Suppose you just won the state lottery, and you have a choice between receiving $3,000,000 today or 20 payments of $275,000 each to be

Suppose you just won the state lottery, and you have a choice between receiving $3,000,000 today or 20 payments of $275,000 each to be received beginning of each year What rate of return is built into the annuity? Disregard taxes. 6.63% 4.75% 5.09% 4.22% 7.57% 6.18%

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