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6. Suppose you have just won the lottery and must choose one of the following (guaranteed) payoffs. Which one would you choose? The interest rate

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6. Suppose you have just won the lottery and must choose one of the following (guaranteed) payoffs. Which one would you choose? The interest rate is 7% EAY; ignore tax consequences. (a) $100,000 paid today (b) $140,000 paid five years from today (c) $50,000 paid one year from today and $68,000 paid four years from today (d) $14,000 paid per year for ten years, with the first year's payment made today

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