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You win the lottery and are offered a chance of $ 9 0 , 0 0 0 now or $ 2 0 , 0 0

You win the lottery and are offered a chance of $

90, 000

now or $

20, 000

at the end of each year for

5

years. Assuming a

4 %

annual interest rate and ignoring taxes, which is the better option?

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