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Question 1: You win a lottery and the lottery company gives you two choices: 1, a total of $17,500 now; 2, annual payment of $1,875

Question 1: You win a lottery and the lottery company gives you two choices: 1, a total of $17,500 now; 2, annual payment of $1,875 for the next 20 years. If you decide the appropriate discounting rate is 8%, which choice is better? (PV)

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