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5. Having just won the Bald Knob Flea Markets annual Pork rind-eating contest, Braden must choose to take his winnings in one of two ways:
5. Having just won the Bald Knob Flea Markets annual Pork rind-eating contest, Braden must choose to take his winnings in one of two ways: a. $10,000 now, or b. $1,500 per year for life (given his dietary practices, he estimates this at about 15 years) Assuming his required rate of return is 6.5%, whats your recommendation?
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