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You have won Powerball! A $ 2 0 0 Million jackpot. The lottery officials give you a choice. You can take $ 1 0 Million
You have won Powerball! A $ Million jackpot. The lottery officials give you a choice. You can take $ Million per year for years starting now year of $ Million additional payments over time Or take $ Million today. Which is the better deal. Assume your opportunity cost the interest rate you could earn with the money is for a relatively safe investment. Which is the better deal?
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