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Business, 03.09.2019 21:20 residentevil7k

On his way home from work, bill harris was listening to the radio, which reminded him of the large lotto jackpot that night. so, bill bought a ticket and won the jackpot of $50 million. bill will be paid in 20 annual installments of $2.5 million. if bill had selected the "cash value option", and the prevailing interest rate was 6%, his lump-sum payment would be: (hint, present value of $2.5 million over 20 periods, using a 6% rate)

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