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you have won the lottery valued at 15 million dollars! Under lottery rules, you have been given the option of accepting a one-time lump-sum payment
you have won the lottery valued at 15 million dollars! Under lottery rules, you have been given the option of accepting a one-time lump-sum payment of $5.2 million today or equal annual payments for the next 20 years. What is the annual payment that makes you indifferent to either option?
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