What rate of return is built into the annuity
Problem: Your girlfriend just won the Florida lottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with the first payment coming one year from today. What rate of return is built into the annuity?
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She has choice of $15,000,000 today or a 20-year annuity of $1,050,000, with first payment coming one year from today. What rate of return is built into annuity
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