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Assume you have won the lottery and have the choice of receiving $1,000,000 now or $110,000 each year for 20 years. If you can earn

Assume you have won the lottery and have the choice of receiving $1,000,000 now or $110,000 each year for 20 years. If you can earn a 10% annual interest rate, which option would you choose?

		Million now
		$110,000 payments for 20 years
		Either option, both are equivalent
		Neither option

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