Business, 20.10.2020 20:01 emily200705

Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 19 years or as a lump-sum cash option amount. The cash option amount is determined by discounting the annual winning payment at 8% over 19 years. This week the lottery is worth $3 million to a single winner. What would the cash option payout be?

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Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided e...