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Author Question: Lucky Louie just won the lottery!! He has a choice of taking $1,000,000 in cash or receiving $50,000 ... (Read 230 times)

TVarnum

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Lucky Louie just won the lottery!! He has a choice of taking $1,000,000 in cash or receiving $50,000 per year for 30 years beginning at the end of this year. The best way to make this choice is to


◦ consult a tax advisor.
◦ consult an oracle.
◦ calculate the future value of the annuity payments.
◦ calculate the present value of the annuity payments.


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Marked as best answer by TVarnum on Apr 12, 2019

pikon

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