Lisi Ji just won $12 million in the Hong Kong mega lottery. She is given the option
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Lisi Ji just won $12 million in the Hong Kong mega lottery. She is given the option of receiving a lump sum immediately, or she can elect to receive an annual payment of $1 million at the end of each year for the next 15 years. If Lisi can earn 8% annually on her investments, which option should she take?
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Related Book For
Principles Of Managerial Finance Brief
ISBN: 9781292267142
8th Global Edition
Authors: Chad J. Zutter, Scott B. Smart
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