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Jack just discovered that he holds the winning tickets for the $87 million mega lottery in Missouri. Now he needs to decide which alternative to choose: (1) a $44 lump-sum payment today or (2) a payment of $2.9 million per year for 30 years; the first payment will be made today. If Jack’s opportunity cost is 5%, which alternative should he choose?

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Financial Management, Finance

Category:- Financial Management
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