Jesse has just learned that she won $ 1 million in her state lottery. She has the choice of receiving a lump- sum payment of $ 312,950 or $ 50,000 per year for the next 20 years. Jesse can invest the lump sum at 8%, or she can invest the annual payments at 6%. Which should she choose for the greatest return after 20 years?
Answer to relevant QuestionsJen spends $ 10 per week on lottery tickets. If she takes the same amount that she spends on lottery tickets and invests it each week for the next five years at 10%, how much will she have in five years? How much will you have in 36 months if you invest $ 75 a month at 10% interest? What is the impact of the higher interest rate of 7% on the Sampsons’ accumulated savings? List the four classifications of deductible medical expenses. Are your total medical expenses deductible? How is adjusted gross income determined?
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