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The Powerball jackpot offers a single winner the choice to take a lum sum of $417,000,000 or an annuity over the next 25 years (payments
The Powerball jackpot offers a single winner the choice to take a lum sum of $417,000,000 or an annuity over the next 25 years (payments at the end of each year). What annual amount per year would be equivalent to receiving a lump sum payout of $417,000,000 if you could invest your money at 6.2% per year? (Round your answer to the nearest dollar)
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