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Your girlfriend just won the Florida lottery. She has the choice of s.500.000 today or a 20-year annuity of $1.050.000, with the first payment coming

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Your girlfriend just won the Florida lottery. She has the choice of s.500.000 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 , 5,59% b. 6.44% c. 6.58% d. 7.69%

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