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You won the Cash for Life Lottery after buying the winning ticket from the convenient store next to your home. The lottery company has given
You won the Cash for Life Lottery after buying the winning ticket from the convenient store next to your home. The lottery company has given you 3 options to choose from to collect your prize: get $500,000 today, $1.5 million in 10 years, or $5000 every month for the next 50 years. Assuming that you can earn 10% interest on your money, which option should you choose?
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