Question: Problem 3 - 4 6 ( LO 3 - 3 ) ( Algo ) Geraldo recently won a lottery and chose to receive $ 1

Problem 3-46(LO 3-3)(Algo)
Geraldo recently won a lottery and chose to receive $125,000 today instead of an equivalent amount in 10 years, computed using an 8 percent rate of return. Today, he learned that interest rates are expected to increase in the future.
Is this good news for Geraldo given his decision?
Is this good news
Problem 3 - 4 6 ( LO 3 - 3 ) ( Algo ) Geraldo

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