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

suppose you just won the state lottery and you have a choice between receiving $3 million today or 20 payments of $250,000 each to be received beginning of each year with the first payment coming starting today what rate of return is built into the annuity? Disregard taxes

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