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The Nevada state lottery decided to offer people the option to choose their prize. The interest rate is 6% compounded annually. What is the value

The Nevada state lottery decided to offer people the option to choose their prize. The interest rate is 6% compounded annually. What is the value today of the following choices? a) $425000 per year forever b) Annual payments of 335000 for the next 13 years c) Which option is better A or B?

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