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You have just won the Mega Gillions jackpot. The jackpot was $ 1 0 0 million. Your choices are to receive your prize in equal
You have just won the Mega Gillions jackpot. The jackpot was $ million. Your choices are to receive your prize in equal installments over years, or take an immediate check for $ million. Leaving out the effect of taxes, and assuming you can earn on any money you invest now, which is the optimal option from a finance perspective? Multiple Choice Immediate payment Installments The value of each option is the same Cannot determine based on the information given
You have just won the Mega Gillions jackpot. The jackpot was $ million. Your choices are to receive your prize in equal installments over years, or
take an immediate check for $ million. Leaving out the effect of taxes, and assuming you can earn on any money you invest now, which is the
optimal option from a finance perspective?
Multiple Choice
Immediate payment
Installments
The value of each option is the same
Cannot determine based on the information given
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