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You won the lottery! You are considering whether or not to accept a lump sum amount or an annual annuity of $ 85,668 to be
You won the lottery! You are considering whether or not to accept a lump sum amount or an annual annuity of $ 85,668 to be received at the end of every year for twelve years. Use 6% as the annual discount rate. How much is the stream of payments worth now? Round your answer to the nearest whole number.
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