You win the lottery and are offered the following choices. The appropriate discount rate is 7%. How
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Question:
- You win the lottery and are offered the following choices. The appropriate discount rate is 7%. How much is each worth? Which would you choose?
a. $3M today and $3M exactly 3 years from today
b. $2M a year for 4 years, with the first payment starting exactly one year from today
c. $350K a year forever, with the first payment starting one year from today
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