Question: There can be more than one right answer to this question. Please help me with this. Question 5 1 pts Congratulations, you just won the
There can be more than one right answer to this question. Please help me with this.
Question 5 1 pts Congratulations, you just won the lottery with a Jackpot of $5 Million! You need to choose between 20 equal annual payments where the payment is $250K equal annual payments or a lump sum payment $2.7M today. The annual payments are tax free, and you can invest at a 3% risk free interest rate. Which choice is more valuable in present value dollars? Lump sum of $2.7 million. 20 equal payments of $250K They are equal Insufficient information to answer the
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