You won the lottery and need to make a decision. You can either take half...
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You won the lottery and need to make a decision. You can either take half of the $52,000,000 in a lump sum today OR you can take yearly payments of $2,600,000 for 20 years at the beginning of each year). Which option has a higher value to you if you can eam 9 percent per year on your investments? You would prefer the payments since they have a present value of $28.734.219. You would prefer the payments since they have a present value of $25.870,298. O You would prefer the payments since they have a present value of $27.144,882. You would prefer the lamp stam of 526,000,000 today, You would be indifferent between the two options
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