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Congratulations, you've won SIM in Mass Lottery. After 50% tax your winnings are equal to $500,000. How would you like your winnings (use 10% rate)
Congratulations, you've won SIM in Mass Lottery. After 50% tax your winnings are equal to $500,000. How would you like your winnings (use 10% rate) o One lump sum today? o In 10 annual installments of $50,000? o In 20 semi-annual installments of $12,500? o Or, the S500,000 in 10 years? Please provide calculations for each option So, which option do you choose now and why
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