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5 You hit the lottery for $1 million dollars. The state has given you a couple of payment options. a. They offer annual payments of

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5 You hit the lottery for $1 million dollars. The state has given you a couple of payment options. a. They offer annual payments of $50,000 for 20 years. How much could you sell (discount) this for to a 1 structured settlement company like JG. Wentworth that will give you 8% APR? What if Wentworth gives you 6% APR? c. If the state offers a lump sum distribution of $500,000, which option will you choose

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