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Business, 19.06.2020 00:57 gabestrickland2
Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money in a lump sum , or in two identical payments. If you pick the lump sum, you get $2893 today. If you pick payments over time, you get two identical payments, the first one today, and the second one 1 year from today. Suppose the interest rate is 6%. What would the amount of one of the identical payments have to be in order for you to consider either choice equal
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Suppose you win a small lottery and have the choice of two ways to be paid: You can accept the money...
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