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Management Studies

Stephanie and Greg were the first and second place winner in a recent contest sponsored by A Lucky Duck. The first place winner is required to represent the company at numerous evetns for one year in exchange for receiving a prize of $1000 a year forever. The second place winner is awarded a prize of $1000 a year for $100 years and has no commitments or future oblizations to the firm. The applicable interest rate is 8 percent. Assuing these two individuals have perpetural lives, which person is rally the top winner in this contest and why?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M998810

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