You win a lottery that entitles you to receive either $250,000 now and another $125,000 in three
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You win a lottery that entitles you to receive either $250,000 now and another $125,000 in three years, or month-end payments of $8300 for five years. If money can earn 3.65% compounded daily, which offer is economically better (in current value) for you and by how much?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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