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You win a lottery when you are 18 years old. You can take $1000 a week at the end of each week until you die.

You win a lottery when you are 18 years old. You can take $1000 a week at the end of each week until you die. Or You can take a lump sum of $1 million . Suppose the expected life is 85 years old. There are 52 weeks a year. The discount rate is 6% per year. Which option should you use?

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