Question: Basic Time Value of Money It is a common fact that many lottery winners are broke sooner than later. If you won a $1,000,000 lottery,

Basic Time Value of Money

It is a common fact that many lottery winners are broke sooner than later. If you won a $1,000,000 lottery, would you want to collect the lump sum winnings today or receive the monies over time? How does your decision influence the ultimate amount of cash you will collect? Explain the TVM factors you would consider as you make this decision. (100 words min)

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