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Gabrielle just won $2 million in the state lottery. She is given the option of receiving a of $1,000,000 now, or she can elect to
Gabrielle just won $2 million in the state lottery. She is given the option of receiving a of $1,000,000 now, or she can elect to receive $100,000 at the end of each of the next years. If Gabrielle can earn 8% annually on her investments, which option should she take?
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