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marcus has won a $5,000,000 state lottery. He can take his prize as either 10 yearly payments of $500,000 or a lump sum of $3,355,000.

marcus has won a $5,000,000 state lottery. He can take his prize as either 10 yearly payments of $500,000 or a lump sum of $3,355,000. Which is the better option? Assume an interest rate of 8%.

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