Wednesday

April 23, 2014

April 23, 2014

Posted by **Jessie** on Saturday, January 19, 2013 at 6:32pm.

the first $1 million payment occurring immediately. If inflation is 2% per year ,and the winnings are taxable, is the lottery a good investment? (Assume that you are in a 40% marginal income tax bracket and that the appropriate nominal

discount rate is 10% per year.)

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