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QUESTION
Mary alice just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $290,000 per year for 30 years beginning today, or receiving one lump-su
Mary alice just won the lottery and is trying to decide between the options of receiving the annual cash flow payment option of $290,000 per year for 30 years beginning today, or receiving one lump-sum amount today. mary alice can earn 6% investing this money. at what lump-sum payment amount would she be indifferent between the two alternatives?
