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a guy won a set for life lottery 1300000 = 1000 a week for 25 years if he want to cash it as a lump

a guy won a set for life lottery 1300000 = 1000 a week for 25 years if he want to cash it as a lump he will get only 675000 , what is the discount rate the lottery uses to discount the 1300000 and what is better for him to have a lump for 675000 dollar now or 1000 a week for 25 years show your work (explain)

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