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You have won the Mega Lottery of $225 million and will be awarded the prize in the form of a 30 year annuity or lump-sum

You have won the Mega Lottery of $225 million and will be awarded the prize in the form of a 30 year annuity or lump-sum payment (The tax implications are identical for either method of award). Which would you choose? Using present value of a future amount and present value of annuity payments, explain in detail how you made your decision.

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