Suppose that you have won the lottery for 10 million and, Ask an Expert

Finance

Suppose that you have won the lottery for $10 million and you are offered two repayment options:

Option 1: A payout of $500,000 each year for the next 20 years;

Option 2: A lump sum of $10 million dollars at the beginning of next year.

To maximize your money, which repayment option should you choose? Please explain in 1-2 sentences only.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92857741

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