You bought an annuity selling at $3,247.15 today that promises to make equal payments at...
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You bought an annuity selling at $3,247.15 today that promises to make equal payments at the beginning of each year for the next three years ( N ). If the annuity's appropriate interest rate (I) remains at 8.00% during this time, what will be the value of the annual annuity payment (PMT)? $1,691.67$1,458.34$1,166.67$1,785.93 You just won the lottery. Congratulations! The jackpot is $10 million, paid in three equal, annual payments. The first payment on the lottery jackpot will be made today. In PV terms, how much did you really win? Use an annual interest rate (I) of 8.00%. In PV terms you won million
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