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Your friend just won the lottery. She has the choice of $15,000,000 today or a 20-year annuity of S1,050,000, with the first payment coming 1

Your friend just won the lottery. She has the choice of $15,000,000 today or a 20-year annuity of S1,050,000, with the first payment coming 1 year from today What rate or retum is built into the annuity? 3.79% d. 3.10%

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