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You have recently won the super jackpot in the Illinois state lottery. On reading the fine print. you discover that you have the following two

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You have recently won the super jackpot in the Illinois state lottery. On reading the fine print. you discover that you have the following two options: You receive $160.000 at the beginning of each year for 31 years. The income would be taxed at a rate of 28 percent. Takes are withheld when the chocks are awed You recent $ 1.750.00 now. but you do not have access to the full amount immediately. The $1,750.00 would be taxed at 28 percent You are able to take $446.000 of the after-tax amount now The remaining $14 000 will he placed in a 30-year annuity account that pays $101.055 on a before- tax basis at the end of each year using a discount rate of 10 percent, which option should your select

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