Question: Suppose Johnson receive a lottery, which includes two parts. One is a one time cash of $50,000 paid today. Another one is $3,000 a month
Suppose Johnson receive a lottery, which includes two parts. One is a one time cash of $50,000 paid today. Another one is $3,000 a month paid from the following month for 5 years. He wants to save the money in bank. Please search around the market and find a best way that he can receive the highest future value at the end of year 5. If he uses this money to buy a house five years later. Considering the down payment (20%) and other fees (including transaction fees and moving-in fees, about 10%). How much the house he can buy?
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