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You have won the lottery. There are two payment options for you. The first option is a lump sum payment of $10 million that you
You have won the lottery. There are two payment options for you. The first option is a lump sum payment of $10 million that you will receive immediately. The second option is an annual payment of $1 million for each of the next 12 years. Assume there is no inflation. How would you make a decision between the two options?
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