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Mathematics, 25.08.2020 21:01 regeana
James just won the lottery for $30 million! He has two choices: first, he may receive $15 million today, or he may receive equal payments of $1 million a year for the next 30 years. Currently, the discount rate that he could invest the $15 million is 7% compounded annually. What should James do?
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James just won the lottery for $30 million! He has two choices: first, he may receive $15 million to...
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