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Assume that you won the Lotto jackpot for $20 million. Further assume that you were offered a choice between receiving the $20 million in a
Assume that you won the Lotto jackpot for $20 million. Further assume that you were offered a choice between receiving the $20 million in a lump sum 20 years later, and receiving them in equal installments of $1 million per year for 20 years. According to one of the principles of finance, which one should you take? Assume that interest rate is above zero. Group of answer choices You would be indifferent as to when you would receive the $20 million since the total number of dollars received is the same either way. not enough information the $20 million in equal installments of $1 million per year for 20 years because it would be worth more than if you would
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