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You just won the lottery for $1,000,000. You have the option of receiving the $1,000,000 today, or an annuity that pays $80,000 a year for

You just won the lottery for $1,000,000. You have the option of receiving the $1,000,000 today, or an annuity that pays $80,000 a year for the next 20 years. The market rate of interest is 5%. You should choose $1,000,000 today $80,000 over 20 years

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