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Another friend of yours just surprised you with some exciting news she won the lottery! She's been presented with the option to take a lump
Another friend of yours just surprised you with some exciting news she won the lottery! She's been presented with the option to take a lump sum payment of $ today or payments in the amount $ over the next ten years. Assume a rate of return to store the money for safe keeping. Which is the preferred option based on the present value of both payouts?
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Option A: Take the lump sum payment of $
Option B: Take the $ payout over years
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