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you have won the lottery, and you have 2 options: Option1: $450,000 cash upfront opetion2: :$200,000 cash upfront plus payment of $20,000 every quarter for

you have won the lottery, and you have 2 options: Option1: $450,000 cash upfront

opetion2: :$200,000 cash upfront plus payment of $20,000 every quarter for the next 5 years. assume that you can invest at 12% per year, comp quarterly..

How much is the present value of option 2?

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