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You just won a lottery and are given two choices: a lump sum payment today of $750,000; or annuity payments of $50,000 at the end

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You just won a lottery and are given two choices: a lump sum payment today of $750,000; or annuity payments of $50,000 at the end of each of the next twenty years. Which of the following statements is correct? A You should be able to sell this ticket for more than $1 million, B At every possible interest rate, the annuity is the best choice. C You prefer the annuity if the interest rate is zero percent. D At every possible interest rate, the lump sum is the best choice

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