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Question You just won the Florida lottery. To receive your winnings, you must select ONE of the two following choices: You can receive $ 1
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You just won the Florida lottery. To receive your winnings, you must select ONE of the two following choices:
You can receive $ a year at the end of each of the next years.
You can receive a onetime payment of $ today.
Assume that the current interest rate is Which option is most valuable?
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