Jesse has just learned that she won $1 million in her state lottery. She has the choice
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Jesse has just learned that she won $1 million in her state lottery. She has the choice of receiving a lump-sum payment of $312,950 or $50,000 per year for the next twenty years. Jesse can invest the lump sum at 8%, or she can invest the annual payments at 6% per year. Which should she choose for the greatest return after twenty years?
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Aun Ali
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