Explain the TVM in Finance

Anonymous
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In this Question 250 word if possible. then accredit able reference the text, full details and like before,

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. Eakins, S., McNally, W.(2013). Corporate finance online [VitalSource Bookshelf version].Retrieved from http://online.vitalsource.com/books/9781269887199

MT 217 unit 4 Unit 4 Discussion Discussion Topic 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.

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