Gail just won the $2,300,000 lottery. She has two options on how to receive the...
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Gail just won the $2,300,000 lottery. She has two options on how to receive the winnings. Option 1, she can receive $1,825,000 now. Option 2, she can receive $9,250 a month for 25 years. He has a time value of money of 3.5%. Which is the better offer? Option 1 Option 2 I can't decide Both are the same
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