You won the lottery and have a number of choices as to how to take...
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Accounting
You won the lottery and have a number of choices as to how to take the money. Which choice yields a greater present value?
A.
$90,000 (lump sum) 7 years from now using a 6% discount rate
B.
$92,000 (lump sum) 7 years from now using an 8% discount rate
C.
$53,500 (lump sum) now using a 6% discount rate
D.
$12,000 a year at the end of each of the next 6 years using a 6% discount rate
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