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you have won the lottery and you have two options in the way you can receive your winnings: option 1: 350,000 now option 2: 200,000

you have won the lottery and you have two options in the way you can receive your winnings:

option 1: 350,000 now

option 2: 200,000 now and another 180,000 six years from now.

which option is better and by how much if the money is worth 3.45% compounded quarterly

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