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7. The Mega Million payout today is $244,000,000 received in 20 years, assuming an annual discount rate of 3%. What would be the cash option

7. The Mega Million payout today is $244,000,000 received in 20 years, assuming an annual discount rate of 3%. What would be the cash option if you win?

8. To what present value would $1,000,000 received in ten years, assuming an annual discount rate of 2%?

9. To what present value would $650,000 received in five years, assuming an annual discount rate of 5%?

10. The Mega Million payout today is $244,000,000 received in 20 years, assuming an annual discount rate of 3%. What would be the cash option if you win?

  1. To what present value would $650,000 received in five years, assuming an annual discount rate of 5%?

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