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Suppose you won in a lottery and it is to be paid in equal annual installments starting today An alternative to the installment plan is to receive a lump sum payment today If the applicable discount

Suppose you won in a lottery and it is to be paid in equal annual installments starting today An alternative to the installment plan is to receive a lump sum payment today If the applicable discount

Suppose you won in a lottery and it is to be paid in  equal annual installments starting today An alternative to the installment plan is to receive a lump sum payment today If the applicable discount rate was per year how large would the lump sum payment have to be Round to the nearest cent

mahesh 15-Feb-2020

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