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Milt just hit the lottery jackpot. The lottery is offering to pay him $5 million per year for the next 15 years, or a single
Milt just hit the lottery jackpot. The lottery is offering to pay him $5 million per year for the next 15 years, or a single payment of $50 million right now. If Milt expects to earn 6.5% annual interest on his investments, which option is better and by how much? Please help walk me through this so I can understand how to set it up
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The Investors Guidebook To Fixed Income Investments
Authors: Stuart R. Veale
1st Edition
0735205310, 978-0735205314
