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You just won the lottery and have elected to receive 10 annual payments instead of...

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Accounting

You just won the lottery and have elected to receive 10 annual payments instead of the lump sum of $74,818.59.

Calculate the amount of your annual payment assuming a 6% interest rate.

a.$10,832.11

b.$10,165.44

c.$18,000.00

d.$17,178.90

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