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Assume you just won the lottery. You can either receive $100,000/year for the next 30...

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Accounting

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Assume you just won the lottery. You can either receive $100,000/year for the next 30 years OR take a lump sum payment of $1,500,000 today. Which option would you choose? Please state your discount rate and why you chose this rate (must be greater than zero). You must show your work and apply the time value of money concept in your analysis in order to receive credit. (20 points)

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