A lump sum of 5.2 million in the first year. assume the, Ask an Expert

Economics

Suppose you have won the North Carolina Lottery of $8 million and there are two options for you: (1) An equal payment of $1 million for eight years (no taxes to consider); (2) A lump sum of $5.2 million in the first year. Assume the market interest rate will be 6% for all these years.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9273896

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