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Jamal won a $1,000,000 lottery. Should he take the option of receiving $100,000 for 10 years or take a lump sum of $654,000, if

Jamal won a $1,000,000 lottery. Should he take the option of receiving $100,000 for 10 years or take a lump sum of $654,000, if he can earn 7%? Which alternative is better?

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