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Present Value of Annuity You are the lucky winner of $30 million state lottery. Option A : 30 Payment of $1 million per year (starting
Present Value of Annuity
You are the lucky winner of $30 million state lottery.
Option A : 30 Payment of $1 million per year (starting today)
Option B: $15 million paid today
Assume the interest rate is 8%
Which option should you choose?
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
