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You just won a $20 million lottery. After taxes, you can take your winnings in one of two ways: Either receiving $14 million today or
You just won a $20 million lottery. After taxes, you can take your winnings in one of two ways: Either receiving $14 million today or $1,400,000 per year for 25 years with first payment at end of year. Assuming you think you, can earn 8% per year on your investments, compounded annually, which of these alternatives is preferable
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Cost Accounting Principles And Applications
Authors: Horace R. Brock, Linda Herrington
6th Edition
0028034287, 978-0028034287
