thank you

Your relative wins a local lottery. The lottery commission offers three choices: take the $100.000 now. take a set of $13,000 annual payments starting now, or take a set of $13,000 annual payments starting in a year from now. Which option should your relative take? (Hint: consider under what conditions the options are equivalent.) Your relative wins a local lottery. The lottery commission offers three choices: take the $100.000 now. take a set of $13,000 annual payments starting now, or take a set of $13,000 annual payments starting in a year from now. Which option should your relative take? (Hint: consider under what conditions the options are equivalent.)