The payout is the following john gets 25 million todayand


John won a $75 million lottery today. The payout is the following: John gets $2.5 million todayand $2.5 million each year for the next 29 years. How much money worth today for the lottery assuming federal tax rate is 39.6%, state tax is 8% and John's discount rate is 10%?

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Finance Basics: The payout is the following john gets 25 million todayand
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