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What should be taken into consideration

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Many American families play the lottery. Winning the lottery offers an easy path to financial security. But for most that play, this dream remains unrealized, deferred, always just out of reach. But imagine you win a major lottery prize. The choice is $500,000 cash today or $50,000 a year paid over 25 years. Which is a better choice? What should be taken into consideration? (Support your answer with information from this week's information or cited outside sources).

Reference no: EM131833535

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