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You just won the Ozark Mountain Lottery and the prize is $250,000 to be paid to the ticker holder in one lump sum 15 years
You just won the Ozark Mountain Lottery and the prize is $250,000 to be paid to the ticker holder in one lump sum 15 years from now. You decide you want the money today and you find someone to buy your ticker but they want a 15% annual rate of return. How much cash will you get today if you sold your ticket to that investor? $41,250.11 O $29,003.98 $30,723.62 $28,897.44
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