Business & Finance Assignment | Custom Assignment Help
December 9th, 2019
Cassie just won the lottery, and she must choose between three award options. she can elect to receive a lump sum today of $61 million, to receive 10 end of year payments of $9.5 million, or to receive 30 end of year payments of 5.5 million.(a) if she thinks she can earn 7% annually, which would she choose?(b) if she expects to earn 8% annually, which is the best choice?(c) if she expects to earn 9% annually, which option would you recommend?(d) explain how interest rates influence the optimal choice?
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