In most state-run lotteries,_____
A) the winner receives a single lump-sum payment.
B) the present value of the winning amount is less than the amount of dollars won.
C) the present value of the winning amount exceeds the amount of dollars won.
D) winners are paid the present value of the total amount won.
E) winners are paid only in the distant future.
Correct Answer:
Verified
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