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Business, 25.02.2022 01:00 merzedes

Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 20 years or as a​ lump-sum cash option amount. The cash option amount is determined by discounting the annual winning payment at 7​% over 20 years. This week the lottery is worth ​$6 million to a single winner. What would the cash option payout​ be?

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