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Congratulations! You are the proud winner of the multi-state Sour Ball Lottery.You are to receive $2,000,000 at the end of each year for the next 20 years.While the Lottery Commission refers to this as a $40,000,000 jackpot,if you choose the "cash option" they will give you much less than that; you can receive a lump sum payment today equal to the present value of the ordinary annuity instead of the 20 annual payments.If the discount rate that the Lottery Commission uses to determine the lump sum payoff is 7%,what is your payoff if you select the cash option?
Hydrogen Bond
Weak bond that arises between a slightly positive hydrogen atom of one molecule and a slightly negative atom of another molecule, or between parts of the same molecule.
Water Molecule
A molecule composed of two hydrogen atoms and one oxygen atom, essential for life.
Oxygen Atom
A chemical element with symbol O, essential for cellular respiration in living organisms.
High Heat
Refers to temperatures that are significantly above the average for a specific environment or process.
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