You won the lottery that will pay your choice of 1000000, Financial Management

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You won the lottery that will pay your choice of 1000000

You won the lottery that will pay your choice of $1,000,000 per year or a lump sum equal to the present value of $20,000,000 discounted at 5%. Compute the total prize using each payment option. Indicate your choice of payment option and show calculations

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Financial Management: You won the lottery that will pay your choice of 1000000

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Financial Management: You won the lottery that will pay your choice of 1000000

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