You win a $314.9 million dollar Powerball jackpots. You are scheduled to get 30 equal...
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You win a $314.9 million dollar Powerball jackpots. You are scheduled to get 30 equal annual payments that add up to $314.9 million, with the first payment comes today. However, you are given options of getting a lump-sum payment of $150 million today. If the interest rate was 4.31%, which option would you choose?
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