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QUESTION
You just won the lottery. Congratulations! The jackpot is $60,000,000, paid in seven equal, annual payments. The first payment on the lottery jackpot...
You just won the lottery. Congratulations! The jackpot is $60,000,000, paid in seven equal, annual payments. The first payment on the lottery jackpot will be made today. In PV terms, how much did you really win?
