Multiple Choice
You just won the lottery and have elected to receive 10 annual payments instead of the lump sum of $74,818.59. Calculate the amount of your annual payment assuming a 6% interest rate.
A) $17,178.90
B) $10,165.44
C) $18,000.00
D) $10,832.11
Correct Answer:
Verified
Correct Answer:
Verified
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