Problem 9 Intro You win the Publishers Clearing House Sweepstakes. You can choose between getting...
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Finance
Problem 9 Intro You win the Publishers Clearing House Sweepstakes. You can choose between getting a lump sum of $7,697,735 now or getting $1,000,000 every year for 10 years, starting one year from now. If you take the money now and invest it, you'll expect to earn an annual return of 5% Part 1 IB Attempt 1/10 for 10 pts. Which option should you take? To compare the two options, first find out what is the 10 yearly payments worth to you as of today? 0+ decimals Submit
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