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1 You just won a lottery. You are given the choice between three cash prizes. You can receive $275,000 today. Alternatively, you can receive $360,000
1 You just won a lottery. You are given the choice between three cash prizes. You can receive $275,000 today. Alternatively, you can receive $360,000 in four years or $410,000 in six years. If you can earn 6% per year, compounding annually, which of these cash payments would you select? Select one: a. $360,000 in four years b. $410,000 in six years c $275,000 today
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