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You won the lottery and have a couple of choices as to how to take the money. Which choice yields a greater present valuo? A.
You won the lottery and have a couple of choices as to how to take the money. Which choice yields a greater present valuo? A. 553,500 (lump sum) now using a 6% discount fate B. 584,000 (lump sum) 7 yoars from now using a 6% discount rate C. 581,000 (lump sum) 7 years from now using an 8$ discount rate D. 58,000 a year at the end of each of the noxt 6 years using a 6% discount rate
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