If you had just won $5,000,000 from a lottery,describe the advantages and disadvantages of receiving a lump sum today or a ten-year annuity.Discuss other factors that are relevant or needed to make this decision.No interest rate is given,however different interest rates can be assumed if necessary to answer this problem.

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The Answer of If you had just won $5,000,000 from a lottery,describe the advantages and disadvantages of receiving a lump sum today or a ten-year annuity.Discuss other factors that are relevant or needed to make this decision.No interest rate is given,however different interest rates can be assumed if necessary to answer this problem.

If You Had Just Won $5,000,000 from a Lottery,describe the Advantages