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in August 2017, Mavis Wanczyk, a resident in Massachusetts, won $758 million Powerball jackpot, the largest single-ticket Powerball jackpot in US history. She had 2
in August 2017, Mavis Wanczyk, a resident in Massachusetts, won $758 million Powerball jackpot, the largest single-ticket Powerball jackpot in US history. She had 2 options for her prize:
Option 1: $450 million cash immediately
Option 2: $8 million cash immediately plus a 30-year annuity for $25 million each year
Which on should she choose assuming she can earn 4% interest on her savings? (Hint find PV of Option 2)
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