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You just won the Florida lottery. To receive your winnings, you must select one of the two following choices: You can receive $1,000,000 a year
- You just won the Florida lottery. To receive your winnings, you must select one of the two following choices:
- You can receive $1,000,000 a year at the end of each of the next 30 years; OR
b) You can receive a one-time payment of $15,000,000 today
I know this question is already on Chegg but I want another solution with a better explanation please
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