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Lisa just won $2.5 million in the state lottery. She is given the option of receiving a lump sum $1.3 million now, or she can

Lisa just won $2.5 million in the state lottery. She is given the option of receiving a lump sum $1.3 million now, or she can elect to recieve $100,000 at the end of each of the next 25 years. If Gabrielle can earn 5% annually on her investments, which option should she take? Please provide formula used to solve answer.

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