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Business, 01.07.2020 18:01 elizabethhubbe

Joe Smith, age 75, from Vienna, IL has the winning Powerball lottery numbers which will pay out $13 million at the beginning of each of the next 30 years (reported prize of $390 million). Before claiming his prize, Trusty Insurance Company offers Joe $200 million today in exchange for his winning lottery ticket and prize payout. What rate of return would Trusty Insurance earn if Joe accepts their offer?

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Joe Smith, age 75, from Vienna, IL has the winning Powerball lottery numbers which will pay out $13...
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