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Problem 6 As the winner of a sweepstakes competition, you can choose one of the following prizes four prizes. Assume that that all amounts are
Problem 6 As the winner of a sweepstakes competition, you can choose one of the following prizes four prizes. Assume that that all amounts are paid monthly. If the interest rate is 12%, whi which prize is most valuable?) (a) $100,000 now. (b) $180,000 at the end of 5 years. (c) $11,400 each six months forever. (d) $19,000 for each of 10 years. ch prize do you claim or
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