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Crissie just won the CT Lottery, and she must choose between three award options. (i) Receive a lump sum today of $61 million, (ii) receive
Crissie just won the CT Lottery, and she must choose between three award options. (i) Receive a lump sum today of $61 million, (ii) receive 10 end-of-year payments of $9.5 million, or (iii) 30 end-of-year payments of $5.5 million. If she thinks she can earn 7% annually, which option should she choose
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