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You win a lottery and have the option to receive $10,000 per year for the next five years or a lump sum payment today. If
You win a lottery and have the option to receive $10,000 per year for the next five years or a lump sum payment today. If the discount rate is 8%, what is the present value of the annuity payments? $40,000 $46,325.41 $50,000 $32,000
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