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Question 18 8 pts You just won the Tennessee lottery. To receive your winnings, you must select one of the two following choices: 1. You
Question 18 8 pts You just won the Tennessee lottery. To receive your winnings, you must select one of the two following choices: 1. You can receive $750,000 a year at the end of each of the next 30 years; OR 2. You can receive a one-time payment of $8.000,000 today. Assume the current interest rate is 7%, which option is most valuable? $750,000 per year for the next 30 years O one-time payment of $8.000,000
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