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Cristiano Donaldo just won a super bingo tournament! He can collect his prize as a $1,500,000 upfront payment today OR he can receive $2,500,000 in

Cristiano Donaldo just won a super bingo tournament! He can collect his prize as a $1,500,000 upfront payment today OR he can receive $2,500,000 in 4 years. If Cristiano can earn a rate of 12% compounded annually on his investments, what option should he choose? Show your calculations.

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