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A lottery winner is given two options. Option I: Receive a $60 million lump-sum payment. Option II: Receive 20 equal annual payments totaling $90 million,

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A lottery winner is given two options. Option I: Receive a $60 million lump-sum payment. Option II: Receive 20 equal annual payments totaling $90 million, with the first payment occurring immediately. If money can earn 8% interest compounded annually during that period, which option is better? Choose the correct answer below. A. Option II is more profitable because at the end of 19 years, the future value of the payments invested as they are received is more than the future value of the lump-sum invested immediately. B. Option I is more profitable because at the end of 19 years, the future value of the payments invested as they are received is more than the future value of the lump-sum invested immediately. C. Option I is more profitable because at the end of 19 years, the future value of the lump-sum invested immediately is more than the future value of the payments invested as they are received. OD. Option Il is more profitable because at the end of 19 years, the future value of the lump-sum invested immediately is more than the future value of the payments invested as they are received

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