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Suppose you just won the state lottery, & you have a choice between recieving $ 3 , 0 2 5 , 0 0 0 today

Suppose you just won the state lottery, & you have a choice between recieving $

3, 025, 000

today or a

20

year annuity of

250, 000,

with The first payment received immediately. Suppose you believe

6 %

is the current interest rate, which choice shall you choose & why

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