1. You win the lottery. Lottery commission is offering two choices: $2 million today and no other payments or $150,000 for twenty years. You can earn 8% on your investments. Which option would you choose and why? Show work
2. Two exchange rates:
British pound/ US dollar = 0.74 pounds
Euro/ US Dollar = 0.84 euros
- calculate cross rate for pound/ euro
-calculate cross rate for euro/ pound
Show work