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DECISION TIME - LUMP SUM OR PAYMENTS Would you rather take a lump sum of $372 million or 30 annual payments of $25 million if

DECISION TIME - LUMP SUM OR PAYMENTS Would you rather take a lump sum of $372 million or 30 annual payments of $25 million if the current interest rate is 6%? Use the present value equation to calculate the present value of the $750 million in 30 annual installments, given the interest rate of 6% to answer this question. Now that you made your decision, what will you do with your money? Explain in detail your first three money moves you would conduct with your new winnings. For example - Would you spend it? Save it? What are your opportunity costs of your purchases? Where would you save it stocks/bonds/mutual funds/real estate? Why? Would you give any money to charities, how about to family and friends?) Make sure to examine the risk and return relationship

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