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Suppose you win the Powerball lottery worth $500,000,000. The $500,000,000 payment assumes that you will take payments over time as an annuity worth $7,525,717 per
Suppose you win the Powerball lottery worth $500,000,000. The $500,000,000 payment assumes that you will take payments over time as an annuity worth $7,525,717 per year for 30 years with an annual interest rate of 0.05. You could also choose a lump sum payment today of $110,500,000. Which would you prefer?
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