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Explain how this went You won the lottery and have a number of choices as to how to take the money. Which choice yields a
Explain how this went
You won the lottery and have a number of choices as to how to take the money. Which choice yields a greater present value? EEB (Click the icon to view the present value of $1 table.) EEB (Click the icon to view the present value of annuity of $1 table.) A. $85,000 (lump sum) 9 years from now using a 8% discount rate B. $41,000 (lump sum) now C. $6,000 a year at the end of each of the next 8 years using a 8% discount rate D. $88,000 (lump sum) 9 years from now using an 8% discount rateStep by Step Solution
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