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Andi just won 5,000,000 on a lottery. He was given 2 choices in receiving his prize, the first option is received 2,600,000 now, or the
Andi just won 5,000,000 on a lottery. He was given 2 choices in receiving his prize, the first option is received 2,600,000 now, or the second option received 200,000 at the end of each year for the next 25 years. If Andi has an investment opportunity with an interest of 7% each year with a 5% inflation rate a year, then which choice is the best for Andi?
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