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Course: FINC 300_ Foundations to Financial Management Question: If you won the lottery and had the choice of a lump-sum payoff or an annuity payoff,

Course: FINC 300_ Foundations to Financial Management

Question: If you won the lottery and had the choice of a lump-sum payoff or an annuity payoff, what factors would you consider besides the implied interest rate (indifference interest rate) in selecting the payoff style? Provide a quantitative example to illustrate your choice.

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