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    Lottery Payout - Time Value of Money

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    If you were to win $1,000,000 in the state lottery and had a choice to either receive $50,000 a year for 20 years or $560,000 now, which would you choose and why? What factors would you need to consider?

    © BrainMass Inc. brainmass.com October 10, 2019, 7:32 am ad1c9bdddf
    https://brainmass.com/business/accounting/lottery-payout-time-value-of-money-585319

    Solution Summary

    Factors to consider when deciding method of lottery payout. Workings attached as Excel.

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