(Answered) Suppose you win the lottery in 2010 when the jackpot amount

Management Studies

Suppose you win the lottery in 2010 when the jackpot amount is $162 million. You can receive the jackpot amount paid out evenly over 26 years or you can elect to take an immediate payment of $95 million, before taxes. Ignore all tax effects. Assume the market interest rate at the time is 7%.

Considering the above scenario, which option is most advantageous and why? (Be specific as to any calculations performed.) What other factors should be considered in making your decision?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M91964803
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Overall do you think globalization is positive or negative

Overall, do you think globalization is positive or negative? Does it increase standards of living around the world, or suffocate other cultures under an onslaught of Big Macs and Coca Cola?

Discuss the attributes of concern in a transportation

Discuss the attributes of concern in a Transportation Logistics Management.

What kinds of trainings that can be used to fix the problem

What kinds of trainings that can be used to fix the problem of staff do not understand their tasks?

What is lean six sigma and what is used for in

What is Lean Six Sigma and what is used for in management?

Sam works for a large international manufacturing company

Sam works for a large international manufacturing company. Managers at the company often assign team projects. Sam likes the group projects because he knows he will be team up with employees who will work hard on the pro ...

What is the american association of airport executives what

What is the American Association of Airport Executives? What are the requirements for membership for those currently employed in airport management? You may wish to view the following web site: www.AAAE.org/ by clicking ...

What are the moralethical implications on the use of power

What are the moral/ethical implications on the use of power to influence outcomes? Do ends justify means when exerting power? Support your answer.

Describe performance evaluation how is performance

Describe performance evaluation. How is performance optimization different from performance evaluation? List any two performance evaluation techniques.

1 what is the logic of comparative advantage in trade

1. What is the logic of comparative advantage in trade theory, in general? Who is it applied with international trade. Why is international trade more complex? 2. The concept of "competitive advantage." What are some exa ...

Scheduling algorithms are again becoming more important as

Scheduling algorithms are again becoming more important as we look at operating system that run on mobile devices. Are their scheduling algorithms different from those found on traditional interactive system? Compare and ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert