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April 20, 2014

Homework Help: Accounting Math

Posted by Sparkle101 on Wednesday, April 14, 2010 at 7:31am.

Please how do i calculate this problem.

Your girlfriend just won the Power Ball lottery. She has the choice of $10,000,000 today or a 30-year annuity of $500,000, with the first payment coming today. What rate of return is built into the annuity?

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