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You just won a lottery. You have two options to receive the payouts. You can choose a lump sum of $14,000 now or $200 monthly

You just won a lottery. You have two options to receive the payouts. You can choose a lump sum of $14,000 now or $200 monthly for 10 years. Both options have same present value for the state lottery commission to avoid arbitrage. What is APR used by the commission for the calculation?

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