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You've just won the Virginia Lottery and now you can either take an immediate payout (after all taxes) of $100,000, or you can take two
You've just won the Virginia Lottery and now you can either take an immediate payout (after all taxes) of $100,000, or you can take two annual end-of-the year payments of $55,000 each (again, after taxes).Explain which of these two options you will choose and why your decision is the most economically sound one to make.
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