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To determine whether a lottery winner would prefer to receive the money in a single lump sum immediately or receive an equal amount over a

To determine whether a lottery winner would prefer to receive the money in a single lump sum immediately or receive an equal amount over a period of years, you would use which type of time value of money calculation?

a. The future value of a single amount.

b. The present value of a single amount.

c. The future value of an annuity.

d. The present value of an annuity.

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