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What is the present value of a lottery paid as an annuity due for twenty years if the cash flows are $250,000 per year and
What is the present value of a lottery paid as an annuity due for twenty years if the cash flows are $250,000 per year
and the appropriate discount rate is 7.50%?
A. 3,186,045.39
B. 2,5548,622.84
C. 2,739,769.55
D. 5,000,000.00
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