Lottery jackpot-take the lump sum one-time payment

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Reference no: EM13972258

Suppose you just won a $10 million lottery jackpot. How can TVM help you decide whether to take the lump sum one-time payment for $5 million or be paid the entire $10 million over the course of 15 years in equal monthly payments? Be sure to explain which choice you would make.

Reference no: EM13972258

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