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The top prize for the state lottery is $109.200.000. You have decided it is time for you to take a chance and purchase ticket. Before

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The top prize for the state lottery is $109.200.000. You have decided it is time for you to take a chance and purchase ticket. Before you purchase the ticket, you must decide whether to choose the cash option of the annual payment option. If you choose the annual payment option and will you will receive $107.200.000 in 25 equal payments of $1,368.000 ne payment today and one payment at the end of each of the next 24 years. If you choose the cash payment, you will receive a one time bump som payment of $54,466,050,92. You an invest the proceeds and care. At wat interest rate would you be indifferent between the cash and annual payment options to as to decide 1.521 www to dea 15x) Click to view the PV Table

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