Question: Question 31 Question 31 (3 points): You just won a $20 million lottery. After taxes, you can take your winnings in one of two ways:

Question 31

$Question 31 Question 31 (3 points): You just won a \$20 million$

Question 31 (3 points): You just won a \$20 million lottery. After taxes, you can take your winnings in one of two ways: Either receiving $14 million today or $1,400,000 per year for 25 years with first payment at end of year. Assuming you think you, can earn 8% per year on your investments, compounded annually, which of these alternatives is preferable

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