You just won a prize that comes with two payout choices. The first option is to get
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You just won a prize that comes with two payout choices. The first option is to get $140,000 right now and nothing hereafter. The second option is to get $94,000 right now and $9000 three years from now (and nothing after that). If your discount rate is 10%, which should you take?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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