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You have won a lottery and have the choice of one of the following options a) $1 million paid today b) $100,000 a year paid

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You have won a lottery and have the choice of one of the following options a) $1 million paid today b) $100,000 a year paid forever c) $180,000 per year for next 10 years d) $39,000 per year growing at 6% per year forever Which option would you choose if r=9%

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