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You won the lottery. You may receive a one-time cash payout today or receive $250,000 in 17 years. What is the equivalent one-time cash payout

You won the lottery. You may receive a one-time cash payout today or receive $250,000 in 17 years. What is the equivalent one-time cash payout using an 8.50% discount rate? Group of answer choices $62,465 $141,232 $1,000,566 $60,723

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