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Congratulations' You've just won the lottery; Your two options are: 1. Take $80.000 today. 2. Take $16,000 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 $16,000 at the end of every year, for next six years, assuming a discount rate of 10%. Which option are you better off choosing and by how much in today's dollars? Option 2 by $43.450 Option 1 by $2.440 Option 1 by $10,316 Option 2 by $16,000 None of the above

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