What would the amount of the lump-sum settlement be

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Claire just won the lottery and 5. Claire just won the lottery and has been told that she can either accept annual payments at the beginning of each year of $173,695 per year for the next 20 years or she can receive a lump-sum settlement. Claire figures she could invest the money at 6.34% (the same rate as the annuity). What would the amount of the lump-sum settlement be? has been told that she can either accept annual payments at the beginning of each year of $173,695 per year for the next 20 years or she can receive a lump-sum settlement. Claire figures she could invest the money at 6.34% (the same rate as the annuity). What would the amount of the lump-sum settlement be?

Reference no: EM131602630

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