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you have just won the lottery. you have the choice of taking an after tax lump sum payout now of 350,000 or 30 annual payments(after
you have just won the lottery. you have the choice of taking an after tax lump sum payout now of 350,000 or 30 annual payments(after taxes) of 25,000. Assume opportunity cost is 7% on after tax basis. Mathematically, which payment should you take?
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