2. You win the lottery and are offered a choice of $90,000 now, or $20,000 at...
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2. You win the lottery and are offered a choice of $90,000 now, or $20,000 at the end of each year for five years. Assume a 5% annual interest rate and ignoring taxes, which is the better option? Show all work and calculations to support your answer. 2. You win the lottery and are offered a choice of $90,000 now, or $20,000 at the end of each year for five years. Assume a 5% annual interest rate and ignoring taxes, which is the better option? Show all work and calculations to support your answer.
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