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You have just won a state lottery! You have the option of receiving equal annual payments of $220,000 for 30 years, or a lump sum

You have just won a state lottery! You have the option of receiving equal annual payments of $220,000 for 30 years, or a lump sum amount today. The acceptable interest rate is 5.5 percent. If the state offers you a one-time payment of $3.4 million today, should you accept it?

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