Lottery payout-time value of money


Question: If you were to win $1,000,000 in the state lottery and had a choice to either receive $50,000 a year for 20 years or $560,000 now, which would you choose and why? What factors would you need to consider? The response must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.

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Accounting Basics: Lottery payout-time value of money
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