Question: solution Problem 2 (20 points) You won the lottery and they will pay you one million dollars each year for 20 years (starting this year).

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Problem 2 (20 points) You won the lottery and they will pay you one million dollars each year for 20 years (starting this year). If the interest rate is 5 percent, how much money do you need to get right away to be indifferent between this amount of money and the annuity (solve in terms of discounts)

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