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You hold a winning ticket from your provincial lottery. It entitles the bearer to receive payments of $50,000 at the end of each year for

You hold a winning ticket from your provincial lottery. It entitles the bearer to receive payments of $50,000 at the end of each year for the next 20 years. Somebody has offered you $500,000, today for that ticket. If your discount rate is 5%, should you sell it or not? Show your calculations

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