Lump-sum amount instead of the annuity

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Cindy won the California lottery. She can take a single lump-sum payout of $12.5 million dollars or receive $825,000 per year for the next 25 years. What rate of return would Cindy need to break even if she took the lump-sum amount instead of the annuity? Could solve with financial calculator.

Reference no: EM132395399

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