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Youve just won a minor lottery. You have two options: option 1 is to receive $70,000 today and option 2 is to receive $9,000 at
Youve just won a minor lottery. You have two options: option 1 is to receive $70,000 today and option 2 is to receive $9,000 at the end of every year for 10 years beginning at the end of 2 years from now. Assuming that you can earn 4.5% on your money, what should you do and why?
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