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ssume you won the Brazil lottery and that you have two options for receiving the prize money. You can receive $200,000 today or receive payments
ssume you won the Brazil lottery and that you have two options for receiving the prize money. You can receive $200,000 today or receive payments of $1,400 a month for 20 yearsIf you can make a nominal 6% return, which option should you take and why?
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