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Congratulations! You have just won the lottery! You now must choose between receiving an immediate payment of $5 million or a $500,000 payment at the

Congratulations! You have just won the lottery! You now must choose between receiving an immediate payment of $5 million or a $500,000 payment at the end of each year for the next 20 years (a total of $10 million). How much is the recurring $500,000 option worth today?

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