Question
Heather recently won a $60 million lottery. The lottery will pay her $3 million for 20 years, starting today. An investment group has offered to
Heather recently won a $60 million lottery. The lottery will pay her $3 million for 20 years, starting today. An investment group has offered to buy her ticket for $45 million. If Heather can earn 6.00% on her money, what should she do? Keep the ticket and the $3 million annuity or take the cash offer?
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Guardians Of Finance
Authors: James R. Barth, Gerard Caprio, Ross Levine
1st Edition
0262526840, 978-0262526845
