Question
Congratulations! You have a winning lottery ticket worth, according to the lottery office, $39.74 million. The payout options are $300000 a year for 20 years
Congratulations! You have a winning lottery ticket worth, according to the lottery office, $39.74 million. The payout options are $300000 a year for 20 years or a payout today of $20.66 million. Which option (and why) should you choose? SHOW DETAILED WORK
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Sport Finance
Authors: Gil Fried, Steven Shapiro, Timothy D. Deschriver
2nd Edition
0736067701, 978-0736067706
