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Can you please help me solve this question below?

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Understanding Present Value — End of Chapter Problem 2. You have won the state lottery. There are two ways in which you can receive your prize. You can either have $1 million in
cash now, or you can have $1.2 million that is paid out as follows: $300,000 now, $300,000 in one year’s time, $300,000 in
two years’ time, and $300,000 in three years’ time. The interest rate is 20%. Calculate the present value of receiving $300,000 per year
for four years at a 20% interest rate. Round your answer to Present value, four-year payout: $ 208333 the nearest dollar.
Incorrect Using present value as your guide, how would you prefer to receive your prize? 0 $1.2 million over four years
0 $1 million now 0 Both options have the same present value.

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