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So you just won the lottery. What's a better deal $250,000 today or $20,000 a year for 15 years? Assume the current market interest rate

So you just won the lottery. What's a better deal $250,000 today or $20,000 a year for 15 years? Assume the current market interest rate is 5%.

What happens to the calculation if the required rate of return increases?

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