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Hooray! You won the lottery, but you have a choice of taking the $20,000 per year for the next 20 years or taking a

Hooray! You won the lottery, but you have a choice of taking the $20,000 per year for the next 20 years or taking a lump settlement today. What would be the minimum amount you would accept today if you decide that 8% is a reasonable discount rate? 1) $196,363 2) $400,000 3) $915,239

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