David won the lottery. He can take a single lump sum payout of $11 million dollars or

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David won the lottery. He can take a single lump sum payout of $11 million dollars or receive $750,000 per year for the next 25 years. What rate of return would David need to break even if he took the lump sum amount instead of the annuity?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Posted Date: May 15, 2023 03:49 AM

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David won the lottery. He can take a single lump sum payout of $11 million dollars or

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Fundamentals of Engineering Economics

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