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You won the lottery in the amount of $500,000. As a payment option, you can accept a lump sum payment of $500,000 in twenty
You won the lottery in the amount of $500,000. As a payment option, you can accept a lump sum payment of $500,000 in twenty years OR you can receive $150,000 as a lump sum payment immediately. This represents a 6% annual growth rate compounded monthly. Match each variable with the correct amount. PV PMT FV APR RATE A. $0 B. Not enough information to say. C. $500,000 D..005 E. $150,000 NPER Annual Compounding Periods F. 12 G..06 H.240
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