Question
How much would you accept in a lump sum today, in place of a lottery payment of $35,000 at the end of the next 20
How much would you accept in a lump sum today, in place of a lottery payment of $35,000 at the end of the next 20 years ($700,000 in total), assuming you could invest it at a 6 percent rate?
| a. | $10,913 (rounded) | |
| b. | $8,028,946 (rounded) | |
| c. | $700,000 (rounded) | |
| d. | $401,447 (rounded) |
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Consolidated Financial Reporting
Authors: Paul Taylor
1st Edition
1853962503, 9781853962509
