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Assume you won the Brazil lottery and that you have two options for receiving the prize money. You can receive $200,000 today or receive payments

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Assume you won the Brazil lottery and that you have two options for receiving the prize money. You can receive $200,000 today or receive payments of $1,400 a month for 20 years. If you can make a nominal 6% return, which option should you take and why? Multiple Choice You should accept the payments because they are worth $201,210 to you today. You should accept the payments because they are worth $24,788 to you today. You should accept the $200,000 because the payments are only worth $189,311 to you today. You should accept the $200,000 because the payments are only worth $195,413 to you today

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