Question: Current Attempt in Progress Suppose you have a winning lottery ticket and you are given the option of accepting $3140000 three years from now or

Current Attempt in Progress Suppose you have a winning lottery ticket and you are given the option of accepting $3140000 three years from now or taking the present value of the $3140000 now. The sponsor of the prize uses a 4% discount rate. If you elect to receive the present value of the prize now, the amount you will receive is $2791460 $2888800 $2873540 $3140000

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