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suppose you just won a lottery that provides $5000 twice a year for 10 years. The alternate choice is to receive a cash amount of
suppose you just won a lottery that provides $5000 twice a year for 10 years. The alternate choice is to receive a cash amount of $50,000 today. If you can expect a return of 10%/a compounded semi-annually on any investment you make. which option would you choose and why?
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