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Assume that you won $400 million in the mega million lottery. How much have you
Assume that you won $400 million in the mega million lottery. How much have you really won? In answering this question, consider the concept of the time value of money. Can you write down how much you have won in an equation if you go for the lump sum payout over 20 years? (The problem is very similar to a coupon bond with one key difference)
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