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You Have Won the Lottery

question 321

Essay

You have won the lottery. There are two payment options for you. The first option is a lump sum payment of $10 million that you will receive immediately. The second option is an annual payment of $1 million for each of the next 12 years. Assume there is no inflation. How would you make a decision between the two options?


Definitions:

Rumor Mill

Informal and often unofficial channels through which gossip and unverified information circulate.

Digital Records

Digital records refer to information or data that is stored in a digital format, allowing for easy access, retrieval, and management through electronic devices.

Social Media

Online platforms that enable users to create, share, or exchange information, ideas, and content with others.

Transparency

The quality of being easily seen through or understood, often used metaphorically to describe openness and honesty in operations or intentions.

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