Insurance annuity in order to pay off the winner

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Publisher’s Clearing House wants to purchase a $3,500,000 insurance annuity in order to pay off the winner of the $10,000,000 Sweepstakes. The winner will get $500,000 in the first year, $250,000 for the next 28 years and $2,500,000 in the 30th year.

Reference no: EM131044375

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