How can this be applied to the time value of money

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Reference no: EM133641813

Question: You've just won the Powerball Jackpot and are pondering taking a lump sum vs. an annuity. What other factors, in addition to tax and spending habit considerations, should govern your decision?

There's an old proverb that states "a bird in the hand is worth two in the bush." How can this be applied to the Time Value of Money?

Reference no: EM133641813

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