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You have just matched all of the numbers in the Mega Zillions lottery. The Jackpot was $62,000,000. Your choices are to take your prize in

You have just matched all of the numbers in the Mega Zillions lottery. The Jackpot was $62,000,000. Your choices are to take your prize in equal annual installments over the next 30 years, or to receive an immediate check for $20,000,000. Assuming a discount rate of 9.6%, and ignoring the effect of taxes, which option is financially optimal?

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