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Author Question: Penny just won the state lottery that offers a choice of payments. She may opt for either receiving ... (Read 160 times)

joesmith1212

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on: Apr 25, 2021
Penny just won the state lottery that offers a choice of payments. She may opt for either receiving $1,000,000 today or $2,000,000 at the end of ten years. If she can invest her funds at 5% annually, which is the better choice?
◦ The later payment since $1,000,000 invested at 5% for ten years will be worth $1,500,000.
◦ The immediate payment since the present value of the $2,000,000 payment is $1,200,000.
◦ The earlier payment since the future value of $1,000,000 in ten years is $1,628,894.
◦ The earlier payment since the present value of the $2,000,000 payment is $876,000.
◦ The later payment since the present value of the $2,000,000 payment is $1,227,827.
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Marked as best answer by joesmith1212 on Apr 25, 2021

kingfahad97

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Reply #1 on: Apr 25, 2021
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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joesmith1212

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

Dominic

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Reply 3 on: Yesterday
:D TYSM

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