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Can you please show your work? I want to be follow the steps you took to get to the answer. :) If you win the
Can you please show your work? I want to be follow the steps you took to get to the answer. :)
If you win the lottery and can choose - $10,000 today, or - $2,000 at the end of each year for 6 years, which should you choose? Consider only the value of the options in your analysis. Use an interest rate of 4%. You will need to use the tables in your course packet on pages 185-188. The answers below are rounded to the nearest dollar Take the $10,000 today because it is worth more than $2,000 spread over 6 years. None of the choices is correct. Take the $2,000 for 6 years because it is worth $10,316 in today's dollars. Take the $2,000 for 6 years because it is worth $12,000 in today's dollars. Take the $2,000 for 6 years because it is worth $10,484 in today's dollars Step by Step Solution
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