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Congratulations, you have won the lottery! Would you rather have $80 million spread out in 20 annual payments of $4 million, with the first payment
Congratulations, you have won the lottery! Would you rather have $80 million spread out in 20 annual payments of $4 million, with the first payment coming one year from now, or $60 million paid out as a lump sum today? (Assume a 3.5% discount rate.)
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