Congratulations! You've won the state lottery! The lottery advertised a $20,000,000 grand prize. Lottery officials give you the option of taking $1,000,000 per year (at the end of each year) for twenty years, or simply taking a one-time prize of $10,000,000 now. Which plan do you take? Is the grand prize really worth $20,000,000? Your discount rate is 5%.

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