7. You have just won the Virginia Lottery and they have offered you two different...
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7. You have just won the Virginia Lottery and they have offered you two different payout arrangements. Option A: You can choose to receive $1,000,000 per year for the next ten years paid at the end of each year. Option B: You can receive $750,000 per year for the next ten years paid at the end of each year, along with a $1,500,000 payment today. If the interest rate is 10% which option will you prefer and why? Show Calculations. (4 pts)
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