Question
Suppose you won a lottery 1000000 interest of 0.09 percent, they offered you many choices the first one is to take the 1000000 immediately 2nd
Suppose you won a lottery 1000000 interest of 0.09 percent, they offered you many choices the first one is to take the 1000000 immediately 2nd choice to take 110000 forever 3rd choice to take 100000 for 7 years beginning now. 4th choice is to accept 3300000 at the end of the 23 years 5th choice if you put 1000000 in a saving account how much you will have after 5 years interest compound quarterly what is the value of the money from choice number2? what is the value of the money from choice number 3? what is the value of the money from choice number 4? what is the value of the money from choice number 5?
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The Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
13th Global Edition
1292409487, 978-1292409481
