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Make no difference between the choices

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You just won the lottery and are trying to decide on the option of 15 annual payments of $100,000.00 per year or the lump sum payout. If you can earn 8% investing your money what is the least amount of money that would make no difference between the choices? They offered $750,000.00 as lump sum payout.

Reference no: EM132340397

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