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2 Aav HO E X Al Av Let's assume that you've just won the lottery after purchasing one $5 lottery ticket. The state offers you
2 Aav HO E X Al Av Let's assume that you've just won the lottery after purchasing one $5 lottery ticket. The state offers you three payout options for your after-tax prize money (assuming the interest rate = 8%): Option #1: $1,000,000 now Option #2: $150,000 at the end of each year for the next 10 years Option #3: $2,000,000 10 years from now $150,000 a year for 10 years $1 million now $2 million 10 years from Question: Which option you will choose and why? Show me your steps and calculation/reasoning clearly. TY English (United States) O Focus 4
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