Jose wants to cash in his winning lottery ticket. He can either receive five, $6,000...
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Jose wants to cash in his winning lottery ticket. He can either receive five, $6,000 annual payments starting today, or he can receive a lump-sum payment now based on a 3% annual interest rate. What would be the lump-sum payment?
Multiple Choice
$28,303.
$26,582.
$27,478.
$25,757.
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