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A local lottery corporation offers a game with a top prize of 1 0 0 0 $ a week for 2 5 years, with the

A local lottery corporation offers a game with a top prize of

1 000

$ a week for

25

years, with the option to take a lump

-

sum payment

675 000

.

Assuming an interest rate of

4.5 %

compounded weekly,

which is the better option?

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