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Part B) Georgette has just won a lottery and has to decide which payment scheme she should take. In the first scheme she would receive
Part B) Georgette has just won a lottery and has to decide which payment scheme she should take. In the first scheme she would receive $100,000 one year from now, then $110,000 two years from now, then $120,000 three years from now, etc. for 30 years. The other choice she has is to take $2,500,000 today. If Georgette can get 8% interest on her money which scheme should she take
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