You have just won the state lottery and have two choices for
Question and Solution
You have just won the state lottery and have two choices for collecting your winnings. You can collect $50,000 (Option 1
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You have just won the state lottery and have two choices for collecting your winnings. You can collect $50,000 (Option 1) today or receive $10,100 (Option 2) per year for the next seven years. A financial analyst has told you that you can earn 10 percent on your investments. (UseTable 2)(Round "PV factor" to 4 decimal places and final answers to the nearest whole dollar amount. Omit the "$" sign in your response.)
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