Jason adams was awarded 6500000 in a legal settlement he

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Jason Adams was awarded $6,500,000 in a legal settlement. He has the option of receiving an annuity payment of $325,000 per year for 20 years. Or he has the option of taking a lump sum settlement today. The interest rate used to calculate the lump sum is 5%. What is the present value of the lump sum option? Set the calculator at begin.

Reference no: EM13596162

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