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Business, 06.12.2019 22:31 vdavihbk

Your friend just won the lottery. he has a choice of receiving $50,000 a year for the next 20 years or a lump sum today. the lottery uses a 15% discount rate. what would be the lump sum your friend would receive?

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Your friend just won the lottery. he has a choice of receiving $50,000 a year for the next 20 years...
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