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In perspective, if you won a $25 million lottery, would you take the lump sum prize of $17 million immediately or the annual annuity of
In perspective, if you won a $25 million lottery, would you take the lump sum prize of $17 million immediately or the annual annuity of $1 million dollars for the next 25 years? Your response should be based on what you know about present value and future value as well as include your personal opinion.
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