you have a choice between a lottery lump sum, Macroeconomics

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you have a choice between a lottery lump sum

You have a choice between a lottery lump sum payout of $10,000,000 today or a series of 25 annual annunity payments the first payment will be one year from today ad a discount rate of 6.50% how large must the annual annuity payments be to make you indifferent between the two choices.

A. 400,000.00
B. 873,102.77
C. 769,779.17
D. 819,814.81

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Macroeconomics: you have a choice between a lottery lump sum

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Macroeconomics: you have a choice between a lottery lump sum

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