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Zita took part in a national sovereign lottery draw and won the ultimate price. Zita is given two forms of payment options. She could take

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Zita took part in a national sovereign lottery draw and won the ultimate price. Zita is given two forms of payment options. She could take a one-off payment of GH5,550,500. She could also take the payment in three installments; GH3,000,000 immediately, GH2,300,000 in the fifth year and GH1,800,000 in the tenth year. If you are hired by Zita as an advisor, which of these two payment forms would you recommend for her assuming an interest rate of 10%? Economics 6:57 PM

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