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Congratulations! You've won a state lotto! The state lottery offers you the following (after-tax) payout options: Option #1: $14,000,000 five years from now Option #2:
Congratulations! You've won a state lotto! The state lottery offers you the following (after-tax) payout options:
Option #1: $14,000,000 five years from now |
Option #2: $2,000,000 at the end of each year for the next five years |
Option #3: $11,000,000 three years from now |
Assuming that you can earn 8%on your funds, which option would you prefer?
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