What is the value of the annual annuity stream option

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Question: how do i solve this in excel? Another pleasant fellow emails to inform you that you have won a Swiss lottery. You can take your winnings in a lump sum of $2,000,000 or receive annual end of year payments of $105,000 for 30 years. Assuming that your money can earn 3% a year, what is the value of the annual annuity stream option?

Reference no: EM133417364

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