Question: 6) BUSN 331 - Section III just won the lottery. The class has been given 3 options. Explain which option the class should choose. Please
6) BUSN 331 - Section III just won the lottery. The class has been given 3 options. Explain which option the class should choose. Please show your work. a. Take a lump sum of $5,000,000 b. Take $20,000 per month for the next 30 years with an opportunity cost/discount rate of 3.25 %, c. Take a lump sum of $15.500,000 in 25 years assuming the same yearly discount rate
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
