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You just won a lottery award of $5,200,000. There are two pay out options, one is 20 equal annual payments of $260,000, or a lump

You just won a lottery award of $5,200,000. There are two pay out options, one is 20 equal annual payments of $260,000, or a lump sum amount of $1,975,000.

If you have investment alternative that earns 10% annually, which should you choose?

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