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The Powerball was won by a single individual. The individual was given two choices: receive 26 payments of $8 million each year, with first payment
- The Powerball was won by a single individual. The individual was given two choices: receive 26 payments of $8 million each year, with first payment to be made now; or receive a single equivalent lump-sum payment.If the state uses an interest rate of 4% per year, the amount of the lump sum payment is closest to:
- $133 Million
- $125 Million
- $116 Million
- $145 Million
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
