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You won the lottery with $4.5M. You are offered to have annual payments of $300,000 for 15 years or to have $3M now. If you
You won the lottery with $4.5M. You are offered to have annual payments of $300,000 for 15 years or to have $3M now. If you can get a deposit account that pays 3% annually, which option will you prefer? If you can get a 6% annual interest, will the decision change?
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To determine which option is better lets calculate the present value of both options for both intere...
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
