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You just won the state lottery, and you have a choice between receiving $3,500,000 today or a 10-year annuity of $500,000, with the first payment

You just won the state lottery, and you have a choice between receiving $3,500,000 today or a 10-year annuity of $500,000, with the first payment coming one year from today. What rate of return is built into the annuity?

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