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Geraldo recently won a lottery and chose to receive 145000

Question - Geraldo recently won a lottery and chose to receive $145,000 today instead of an equivalent amount in 10 years, computed using an 8 percent rate of return. Today, he learned that interest rates are expected to increase in the future.

Is this good news for Geraldo given his decision?

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Accounting Basics: Geraldo recently won a lottery and chose to receive 145000

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