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2-12. You've won a $20,0,00 lottery, and have the option of choosing an annual payment of $1,000,000 for 20 years, or a lump sum payment
2-12. You've won a $20,0,00 lottery, and have the option of choosing an annual payment of $1,000,000 for 20 years, or a lump sum payment of $10,000,000 today. You figure you can make 7.7% in the equity market. Which option should you choose
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