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Congratulations! You've just won the lottery. Your two options are: 1. Take $80,000 today. 2. Take $12,000 at the end of every year, for next

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Congratulations! You've just won the lottery. Your two options are: 1. Take $80,000 today. 2. Take $12,000 at the end of every year, for next eight years, assuming a discount rate of 12%. Which option are you better off choosing and by how much in today's dollars (round to the nearest dollar)? Option 1 by $41,228 Option 2 by $16,000 Option 2 by $12,842

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