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You just won the Powerball, as a result you have the choice between taking $75 million today or taking a 10-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 10-year annuity due. Interest rates are expected to hold at 5% over the next 10-years. How much would the annuity due need to be annually for you to be indifferent between cash now or taking the annuity?

A.$5,678,898.21

B.$9,712,843.12

C.$5,962,843.12

D.$7,500,000.00

E.$9,250,326.78

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