Essay
If you had just won $5,000,000 from a lottery,describe the advantages and disadvantages of receiving a lump sum today or a ten-year annuity.Discuss other factors that are relevant or needed to make this decision.No interest rate is given,however different interest rates can be assumed if necessary to answer this problem.
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A lump sum would incur a large tax liabi...View Answer
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Correct Answer:
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