Question
Congratulations! You just won a lottery. You are provided with two payment options. Option 1: Receive the entire winning amount as a lump sum today.
Congratulations! You just won a lottery. You are provided with two payment options.
Option 1: Receive the entire winning amount as a lump sum today.
Option 2: Receive the amount as a series of payments over several years.
To make a financially sound decision, all of the following are relevant to know EXCEPT (check all that apply):
Group of answer choices
The amount you would receive per year per Option 2
The amount you would receive today per Option 1
The number of years your payments would be spread over per Option 2
Your average return on investments
Your liquidity ratio
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