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Jason Adams was awarded $6,500,000 in a legal settlement. The company obligated by the settlement has given Jason two options. He has the option of receiving an annuity payment of $21,666.67 per month for 25 years. Or he has the option of taking a lump sum settlement today. The interest rate used to calculate the lump sum is 4.5%. Calculate the present value of the lump sum option. Set the calculator at begin.
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Jason Adams was awarded $6,500,000 in a legal settlement. The company obligated by the settlement ha...
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