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Math Just Got Important
A woman in her 20s won the lottery and passed on $1 million for weekly payments of $1000 for life, causing much discussion on the internet. How can you mathematically evaluate such a choice? Pay attention, the same formula was used in the famous Bobby Bonilla sports contract. 0:00 intro 3:35 time value money 6:16 value $1000 weekly 10:11 ...
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A fun probability puzzle with a neat geometric solution.
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