Question
You have Won the lottery and your prize is $1,000,000. Since the parentheses on the ticket Said that the winner had the option of
You have Won the lottery and your prize is $1,000,000. Since the parentheses on the ticket Said that the winner had the option of taking a lump sum or an annuity you have to decide th best deal for you. Your choices are: 1) in 10 years, 2) 10 annual payments of $100,000 which begin in one year. or, 3) a lump sum of $675,000. You figure you could eam On your money. Ignoring taxes, which is the better deal?
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Calculus And Its Applications
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
14th Edition
0134437772, 9780134437774
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