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Author Question: Using Present ValueYou win the lottery and are given the choice to receive a one-time lump-sum ... (Read 96 times)

jrobl3

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on: Nov 23, 2022
Using Present Value

You win the lottery and are given the choice to receive a one-time lump-sum payment of $11.25 million now or 5 annual payments of $2.25 million starting today. Assume the interest rate is equal to 2.75%, what is the present value of the annual payments? Which option results in the highest payout? Please round your answer to two decimal places.
◦ $10.66 million, 5 annual payments
◦ $8.41 million, 5 annual payments
◦ $10.66 million, lump-sum payment
◦ $8.41 million, lump-sum payment
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by jrobl3 on Nov 23, 2022

athenaheim

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jrobl3

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

rleezy04

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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