Congratulations You ve won a major lottery which offers you the
Congratulations! You’ve won a major lottery, which offers you the following payout options:
Option #1: $12,000,000 five years from now
Option #2: $2,250,000 at the end of each year for the next five years
Option #3: $10,000,000 three years from now
Requirement
Assuming that you can earn 8% on your funds, which option would you prefer?
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