Winners of the georgia lotto drawing

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Reference no: EM131817882

Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 1919 years or as a? lump-sum cash option amount. The cash option amount is determined by discounting the annual winning payment at 99?% over 1919 years. This week the lottery is worth ?$44 million to a single winner. What would the cash option payout? be?

Reference no: EM131817882

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