Congratulations! You have just won the Caribbean Lottery valued at 14 million dollars! Under lottery rules, you have been given the option of accepting a
Congratulations! You have just won the Caribbean Lottery valued at 14 million dollars! Under lottery rules, you have been given the option of accepting a one-time lump-sum payment of $4.8 million today or equal annual payments for the next 20 years. What is the annual payment that makes you indifferent to either option? Approximately:
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Authors: Kirby Rosplock
1st Edition
1119094712, 978-1119094715
