What is the minumum amount you should be willing

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Reference no: EM132058610

You have just won $1,000,000 in the lottery - payable in 20 equal, annual installments of $50,000 starting today. You also have the option of taking a lump sum today instead.

What is the minumum amount you should be willing to accept as a lump sum if money you have today could be invested at 3.5%.

Reference no: EM132058610

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