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You just won the initial school of finance lottery! You have won $10,000 today, $20,000 five...

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Finance

You just won the initial school of finance lottery! You have won$10,000 today, $20,000 five years from today, and $50,000 ten yearsfrom today. As an alternative, you can receive your winnings as a15 year annuity with the first payment received ten years fromtoday. If you require a 6% return on your investment, how muchannuity pay you each for you to select that option?

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4.1 Ratings (629 Votes)
First compute the FV of the amounts 10    See Answer
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