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The state has offered me one million dollars per year for 20 years (ignore taxes) or a lump sum. The lump sum is the present value of the payments. How much must the state invest today (the lump sum amount) to payout the annuity, if they can invest at the T-Bond rate of 6%? ... Access Full Source
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Herbert Hoover was born on August 10, 1874 in West Branch, Iowa.He is the only president born in that state, and the first born west of the Mississippi River.His father, Jesse Hoover (1849–1880), was a blacksmith and farm implement store owner of German (Pfautz, Wehmeyer), German-Swiss (Huber, Burkhart) and English ancestry. ... Read Article
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