Question: Would you rather take $15m now? OR Take $1m every year, for the next 25 years You can earn an interest of 7.5%, which option
Would you rather take $15m now?
OR
Take $1m every year, for the next 25 years
You can earn an interest of 7.5%, which option would you take?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
