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You just won a prize that comes with two payout choices. The first option is to get $100,000 right now and nothing hereafter. The second
You just won a prize that comes with two payout choices. The first option is to get $100,000 right now and nothing hereafter. The second option is to get $98,000 right now and $10,000 three years from now (and nothing after that. If your discount rate is 8%, which should you take? After comparing the $100,000 for the first option and the $105,938.32 for the second option, you should choose: (Select the best choice below.) O A. second option O B. first option C. either option, as they are equal
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