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Your neighbor just won the state lottery and has elected to receive $50,000 per year for 20 years in the form of an annuity due.

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Your neighbor just won the state lottery and has elected to receive $50,000 per year for 20 years in the form of an annuity due. What is the present value of this stream of payments if money can earn 8 percent annual interest? $500,000 $530,180 $579,139 479,035

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