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You have won the Lottery. Lottery officials offers you the choice of the following alternative payouts. Alternative 1: $10,000 one year from now Alternative 2:

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You have won the Lottery. Lottery officials offers you the choice of the following alternative payouts. Alternative 1: \$10,000 one year from now Alternative 2: $20,000 five year from now which should you choose if the discount rate is 7. 10% : 8. 20%

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