question read like this: You just won the Georgia lottery for $250 million dollars....
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question read like this: You just won the Georgia lottery for $250 million dollars.
Table below shows the values that the Georgia Lottery uses to distribute the winnings
Total amount: $250,000,000.00
Cash option: $146,000,000.00
Annuity option: 26 annual payments of $9,615,384.62
You can earn 4.75% on your investments. Will you take the cash option or the annuity option and why?
You just won the Georgia Lottery of $250 million dollars. able below shows the values that the Georgia Lottery uses to distribute the winnings. pot amount: $250,000,000.00 option: $146,000,000.00 uity option: 26 annual payments of $9,615,384.62 u can earn 4.75% on your investments. Will you take the cash option or the annuity option and y? Formulae 3. A Plli(1+i) l/I(1+)"-1]) 6. FAll(1+i)"-1/i)
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