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Girlfriend Just Won the Florida Lottery

Question 27

Multiple Choice

girlfriend just won the Florida lottery.She has the choice of $15,000,000 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?


A) 3.44%
B) 3.79%
C) 4.17%
D) 4.58%
E) 5.04%

Correct Answer:

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