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Jack just discovered that he holds the wining ticket for the $87 million megalottery in Missouri. Now he must decide which alternative to choose: (a)
Jack just discovered that he holds the wining ticket for the $87 million "mega"lottery in Missouri. Now he must decide which alternative to choose: (a) a $44 million lump-sum payment today or (b) a payment of $2.9 million per year for 30 years. With the second option, the first payment will be made today. If Jack's opportunity cost is 5 percent, which alternative should he choose
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Handbook For Surviving The Global Financial Crisis
Authors: Barbara Goldsmith
1st Edition
1514811995, 978-1514811993
