You just won 10000000 in a lottery drawing you are, Ask an Expert

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You just won $10,000,000 in a lottery drawing. You are presented with two payout scenarios:

Take a one time payout of $5,000,000, or

Take a $700,000 payout per year over the course of 10 years.

Detail for me your rationale behind why you chose one payout method versus the other. Be sure to show your PV calculations.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93046114

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