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Business, 17.01.2020 00:31 dornauriel

Alex meir recently won a lottery and has the option of receiving one of the following three prizes: (1) $70,000 cash immediately, (2) $24,000 cash immediately and a six-period annuity of $8,100 beginning one year from today, or (3) a six-period annuity of $14,500 beginning one year from today. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1). 1. assuming an interest rate of 7%, determine the present value for the above options.

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Alex meir recently won a lottery and has the option of receiving one of the following three prizes:...
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