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You would pay a higher percentage in tax on the lump sum, but be able to invest it over the ten years. I bet it would come out about the same.
If it was offered to me now, I'd take the 100k a year. The simple reason is that $100 right now would do me as much good as a million anyhow, and I would have stability for a whole decate, that I could easily translate into much longer. However, I don't think its an easy or obvious choice either way.
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