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Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 18 years or as alump-sum cash option

Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 18 years or as alump-sum cash option amount. The cash option amount is determined by discounting the annual winning payment at 8% over 18 years. This week the lottery is worth $15 million to a single winner. What would the cash option payoutbe?

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