You hit the jackpot and you are offered a life payment of
You hit the Jackpot and you are offered a life payment of $50,000 per year. Or you can request one payment today (lump sum) to be paid immediately. How much would you request if the interest rate is 3.4% per year? (Explain answer).
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you hit the jackpot and you are offered a life payment of 50000 per year or you can request one payment today lump sum
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