Gabrielle just won 25 million in the state lottery she is, Ask an Expert

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Gabrielle just won $2.5 million in the state lottery. She is given the option of receiving a total of $1.3 million now, or she can elect to be paid $100,000 at the end of each of the next 25 years. If Gabrielle can earn 5% annually on her investments, from a strict economic point of view which option should she take?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91381771

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