Question: Solve step by step using BA II Plus calculator You won the lottery. You could receive $100,000 a year for the next 10 years or

Solve step by step using BA II Plus calculator

You won the lottery. You could receive $100,000 a year for the next 10 years or a lump sum today. The lottery uses a 12 percent discount rate (compounded annually). What would be the lump sum amount you would receive today

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