Congratulations! You will receive a big winning from a BC lottery. However, you are given 2 options

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Congratulations! You will receive a big winning from a BC lottery. However, you are given 2

options only. (1) Take the whole winning amount end of year 1. (2) Take the same whole

winning amount end of year 2.

Explain using Time Value of Money formula, why you would rather take option 1.

Posted Date: Jun 06, 2024 03:10 AM

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Congratulations! You will receive a big winning from a BC lottery. However, you are given 2 options

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