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If you win a lottery for $1M, they give you two choices: 1) take the $1M today, 2) alternatively, they will pay you $110K a
If you win a lottery for $1M, they give you two choices: 1) take the $1M today, 2) alternatively, they will pay you $110K a year for 10 years? The current market interest rate is 4.5%. Which one of these two choices should you pick given you want to maximize your Present value
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