Question
Today your Aunt Sallie won the lottery and she has been given a choice to make. Aunt Sallie can take $1,000,000 today in a lump
Today your Aunt Sallie won the lottery and she has been given a choice to make. Aunt Sallie can take $1,000,000 today in a lump sum or she can take $75000 per year for 25 years. the current interest rate is 7%. Utilizing your calculator determine PV of the payments and compare the two payout choices to determine which is best for Aunt Sallien
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Foundations Of Statistics For Data Scientists With R And Python
Authors: Alan Agresti
1st Edition
0367748452, 978-0367748456
