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You just won the $425,000,000 Powerball jackpot. You could take the lump sum payment of $265,000,000, or you could take 30 equal annual payments of
You just won the $425,000,000 Powerball jackpot. You could take the lump sum payment of $265,000,000, or you could take 30 equal annual payments of $14,166,667. Which is the better deal (assuming a discount rate of 4.00%)?
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