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Imagine you have just won the Ohio Vax-Million lottery! However, you are infomed that you have two options to get the award maney. option A
Imagine you have just won the Ohio Vax-Million lottery! However, you are infomed that you have two options to get the award maney. option A pays $1,000,000 immediately. Option B pays $1,750,000 at the end of five years from now. Using a discount rate of 5 percent, based on present values, find the present value of the Option B. Which would you choose?
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