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If you won the lottery and you had the choice of a lump-sum payoff or an annuity payoff. Identify two factors to consider while making
If you won the lottery and you had the choice of a lump-sum payoff or an annuity payoff.
- Identify two factors to consider while making this choice, and explain how they might affect the decision.
- Provide a numerical example of how you would evaluate the trade-off between the lump-sum and annuity payoff plans
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