Question 9 ,You have won the lottery, in the nominal amount of $50m. You can elect to take the money over 20 years @$2.5m per year, or you can take a lump sum now of $30m. You estimate you could invest either the lump sum or the annuity at 7%. Assuming you didn’t spend any money received, what will each alternative be worth in 20 years? Ignore taxes.,
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