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Posted on Jul 26, 2024

Ellen won a lottery that will pay her $ 1 0 0 , 0 0 0 a year for 2 0 years, or she can

Ellen won a lottery that will pay her $

100, 000

a year for

20

years, or she can accept $

1, 500, 000

today. Assuming she can earn

2.5 %

and maximizing her winnings is the only consideration, which offer should she accept?

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