Solved: Tri-state megabucks lottery advertises a lo 2 10 million, Finance Basics

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Tri-state megabucks lottery advertises a lo 2 10 million

Question: Annuity Present Values. Tri-State Megabucks Lottery advertises a LO 2 $10 million grand prize. The winner receives $500,000 today and 19 annual payments of $500,000. A lump sum option of $5 million payable immediately is also available. Is this deceptive advertising?

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Finance Basics: Tri-state megabucks lottery advertises a lo 2 10 million

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