You win the lottery and are offered the following choices The appropriate discount rate is 7 How much is each worth Which would you choose a $3M today and $3M exactly 3 years from today b $2M a year for 4 years, with the first payment starting exactly one year from today c $350K a year forever, wit...

To evaluate the options we need to calculate the present value of each option using the appropriate ...

You win the lottery and are offered the following choices. The appropriate discount rate is 7%. How

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a. $3M today and $3M exactly 3 years from today

b. $2M a year for 4 years, with the first payment starting exactly one year from today

c. $350K a year forever, with the first payment starting one year from today

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Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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Posted Date: May 02, 2023 06:22 AM

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You win the lottery and are offered the following choices. The appropriate discount rate is 7%. How

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Calculus

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