Congratulations. Youve won the state lottery. You have a choice of three options: (a) $12 million 5

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Congratulations. You’ve won the state lottery. You have a choice of three options: 

(a) $12 million 5 years from now, 

(b) $2.15 million at the end of each year for 5 years, 

(c) $7 million today, 

(d) $10 million 3 years from now. 

Assuming you can invest at 8 percent, which option would you prefer?

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Accounting Information Systems

ISBN: 9781260571080

3rd International Edition

Authors: Vernon Richardson

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