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Your girlfriend just won the Florida lottery. She has the choice of $10,800,000 today or a 20- year annuity of $1,050,000, with the first payment

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Your girlfriend just won the Florida lottery. She has the choice of $10,800,000 today or a 20- year annuity of $1,050,000, with the first payment coming one year from today. What rate of return is built into the annuity? Disregard taxes. Select one: o a. 8.71% X O b. 7.60% O c. 5.69% O d. 7.38% O e. 6.57%

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