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You have just won the initial School of Finance lottery!You have won $10,000 today, $20,000 five years from today, and $50,000 ten years from today.As

You have just won the initial School of Finance lottery!You have won $10,000 today, $20,000 five years from today, and $50,000 ten years from today.As an alternative, you can receive your winnings as a 15-year annuity with the first payment received ten years from today.If you require a 6% return on your investment, how much must the annuity pay you each year for you to select that option?

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