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Suppose you have just won the lottery and must choose one of the following riskless payoffs

Finance

Suppose you have just won the lottery and must choose one of the following riskless payoffs. Which payoff has the largest present value if the interest rate is 5% per year? O $140,000 paid five years from today O $15,000 paid every year for 15 years, with the first payment made next year O $120,000 paid two years from today O $7.000 paid every year, forever, with the first payment made next year

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