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Problem Your friend just won the MegaMillions lottery and needs your help in deciding which payout she should take. Your friend has the choice of

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Problem Your friend just won the MegaMillions lottery and needs your help in deciding which payout she should take. Your friend has the choice of either $15,000,000 today or a 20-year annuity of $1,050,000, with the first payment coming one year from today. Assuming the appropriate interest rate is 7 percent, which payout option do you advise your friend to take? Show your work. (5 Points)

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