Question
Jane Wilson won a lottery. The British Columbia Lottery Commission offers her three payout options to receive her prize: Option 1 Receive CAD 140,000 at
Jane Wilson won a lottery. The British Columbia Lottery Commission offers her three payout options to receive her prize:
| Option 1 | Receive CAD 140,000 at the end of 10 years. |
| Option 2 | Receive CAD 12,000 at the end of each of the next ten years. |
| Option 3 | Receive CAD 5,000 at the end of each of the next ten years plus CAD 10,000 at the end of each of the ten subsequent years. |
The interest rate is 5.0%, compounded annually.
REQUIRED:
- Which option should Jane select?
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The Routledge Handbook Of Integrated Reporting
Authors: Charl De Villiers, Warren Maroun, Pei-Chi Hsiao
1st Edition
0367233851, 978-0367233853
