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How to spend a billion dollars: It’s not as difficult as you might think

How in the name of Monty Brewster can you spend $25,000 a day?

That’s the question facing the unknown winner of that record Mega Millions jackpot. (Whoever holds the winning ticket lives somewhere in South Carolina, but that’s all we know so far.)

If they take the lump sum option of $900 million, even after paying taxes they’ll be left with somewhere around $500 million in cash, say estimates.

Just dumping all that money in no-risk 10-year Treasuries will generate a guaranteed income of $15.5 million a year — which works out to around $25,500 a day, every day, after income tax.

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