You have just won the state lottery and have two choices for collecting your winnings. You can
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You have just won the state lottery and have two choices for collecting your winnings. You can collect $50,000 today or receive $10,100 per year for the next seven years. A financial analyst has told you that you can earn 10 percent on your investments. Which alternative should you select?
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Present value of annuity 10100 x ...View the full answer
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