Question: i need the answer Suppose you won a lottery 1000000 interest of 0.05 percent, they offered you many choices the first one is to take

 i need the answer Suppose you won a lottery 1000000 interest

i need the answer

Suppose you won a lottery 1000000 interest of 0.05 percent, they offered you many choices the first one is to take the 1000000 immediately 2nd choice to take 10000 forever. 3rd choice to take 130000 for 7 years beginning now. 4th choice is to accept 2000000 at the end of the 25. years 5th choice if you put 1000000 in a saving account how . much you will have after 30 years interest is compound quarterly Swhat is the value of the money from choice number 2 ?what is the value of the money from choice number 3 603954.340 ?what is the value of the money from choice number 4 ?what is the value of the money from choice number 5

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!