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You have just won the grand peize in the state lottery. You are given a choice: take the jackpot amount of $900 million in equal

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You have just won the grand peize in the state lottery. You are given a choice: take the jackpot amount of $900 million in equal annual payments over the next 30 years, or take a lump sup (one time) immedate payment of $400 milion, You can irvest money earning an interest rate of 6.4% annually. From a financial perspective, which is the correct choice to make? Multiple Choice Lump sum (itmediate) pyyment Annual payments

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