Lets say you just won the lottery, and the prize is $10MM which you will receive in equals installments at the end of each of
Lets say you just won the lottery, and the prize is $10MM which you will receive in equals installments at the end of each of the next 30 years. If you are given the alternative to receive the prize today, discounting payments at 5 percent interest rate, how much money will you take?
| 1. | $5,124,150 | |
| 2. | $2,238,266 | |
| 3. | $5,174,489 | |
| 4. | $2,323,774 | |
| 5. | None of the above |
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Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
