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6) You won the Mega Million lottery worth $250,000,000.00 (250 million USD). You have the option to receive the winnings as a single lump sum
6) You won the Mega Million lottery worth $250,000,000.00 (250 million USD). You have the option to receive the winnings as a single lump sum or an annuity over 30 years. The lump sum cash amount is $125,000,000.00 and the annuity amount is $7,466,000.00 over 30 years. If you could invest either the lump sum (125,000,000.00) or the annuity amount ($7,466,000) and receive at least 6%, which would be larger at the end of 30 years?
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