Question: While on Spring Break, you bought a ticket for the Lotto de Cancun, and you won 3 million pesos. You are given a choice between

While on Spring Break, you bought a ticket for the Lotto de Cancun, and you won 3 million pesos. You are given a choice between receiving a check for 2 million Pesos immediately, or taking your winnings in annual instalments over the next 10 years. From a financial perspective, using an annual discount rate of 10%, which is the optimal choice? Immediate check Annual installments

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