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please help The New York Lottery is offering $5 million cash or 20 end-of-the-year installments of $500,000 each. If the effective interest rate is 9.81

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The New York Lottery is offering $5 million cash or 20 end-of-the-year installments of $500,000 each. If the effective interest rate is 9.81 percent, which option should be picked. Show your work and justification

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