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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-ye rates are expected to
You just won the Powerball, as a result you have the choice between taking $75 million today or taking a 10-ye rates are expected to hold at 5% over the next 10-years. How much would the annuity due need to be annuall indifferent between cash now or taking the annuity? A. $9,712,843.12 B. $5,678,898.21 O C. $7,500,000.00 D. $5,962,843.12 E. $9,250,326.78
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