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You just won the Powerball, as a result you have the choice between taking $75 million today or taking a 20-year annuity due. Interest rates
You just won the Powerball, as a result you have the choice between taking $75 million today or taking a 20-year annuity due. Interest rates are expected to hold at 5% over the next 20-years. How much would the annuity due need to be annually for you to be indifferent between cash now or taking the annuity? O A. $6,018,194.04 OB. $5,731,613.37 OC. $2,268,194.04 OD. $4,247,613.37 O E. $3,750,000.00
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