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| rev | Admin | (Created page with "Joel just won the lottery. He has two options to take the money. He can take the lump sum of $3,000,000 or he can take the level payments of $500,000 over 6 years. If he takes the lump sum, Joel will deposit the money into an account earning i% annually. If Joel takes the payment plan, he will deposit the payments at the end of each year at a compounded interest of 14%. After 16 years, the accounts will be equal. Calculate i. <ul class="mw-excansopts"><li>.1095</li><li...") | Nov 22'23 at 0:08 | +794 |