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Gabrielle just won $2.252.25 million in the state lottery. She is given the option of receiving a of $1 comma 200 comma 0001,200,000 now, or
Gabrielle just won $2.252.25 million in the state lottery. She is given the option of receiving a of $1 comma 200 comma 0001,200,000 now, or she can elect to receive $90 comma 00090,000 at the end of each of the next 2525 years. If Gabrielle can earn 66% annually on her investments, which option should she take?
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