Should you choose the lump sum payment

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Reference no: EM132048616

You've just won the Ohio Lottery's $100 million jackpot. You can either receive a sum payment of S50 million today or equal installments of $3, 333, 333 each year for the next 30 years.

You believe you can invest any money received at 10% annualized returns over the next 30 years. Should you choose the lump sum payment or the equal installments? Show your reasoning.

Reference no: EM132048616

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