Business
Business, 15.02.2021 18:50, Clerry

Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 21 years or as a​ lump-sum cash option amount. The cash option amount is determined by discounting the annual winning payment at 5​% over 21 years. This week the lottery is worth ​$24 million to a single winner. What would the cash option payout​ be?

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