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You've won the lottery and have the option to take $50 million today or monthly payment for the next 35 years. Assume a stated interest
You've won the lottery and have the option to take $50 million today or monthly payment for the next 35 years. Assume a stated interest rate of 4% with quarterly compounding. a. If each month payment is valued at \$150,000 which option, should you choose? Show your work. b. What would have to be the value of the monthly payment such that you are indifferent between to option
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