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  3. please show all work and formulas, don't use excel

PLEASE SHOW ALL WORK AND FORMULAS, DON'T USE EXCEL. IF YOU USE A FINANCIAL CALCULATOR...

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Accounting

PLEASE SHOW ALL WORK AND FORMULAS, DON'T USE EXCEL. IF YOU USE A FINANCIAL CALCULATOR PLEASE PUT ALL STEPS FOR ENTERING INTO THE CALCULATOR AND WHICH MODES IT NEEDS TO BE ON. image

Question 24 Congratulations, you've just won the $2.800.000 state lottery! The lottery com- mission, offers you the choice of $127.000 per year for 25 years or a one-time, lump-sum payment of $1,156,000 If your intensions are to save all of the lottery winnings (regardless of annual cash flow or lump-sum) for retirement in an account that earns 11.00% annually which payment option should you choose

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