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OCTOBER/NOVEMBER 2022 EXAMINA [15 Marks] ust won a lottery jackpot, and you must choose among the three award options eceive a lump sum today of

OCTOBER/NOVEMBER 2022 EXAMINA [15 Marks] ust won a lottery jackpot, and you must choose among the three award options eceive a lump sum today of R61 million, to receive 10 end-of-year payments of O receive 25 end-of-year payments of R6 million. (4) think he can earn 7% annually, which should he choose? expect to earn 8% annually, which is the best choice? (4) expect to earn 10% annually, which option would you recommend? (4) in how interest rates influence your choice. (3) dant for th upcomin year [26 Mark:

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