Business
Business, 16.12.2019 16:31, blacksabbath6922

who wants to be a millionaire?
you just won $1 million dollars in the lottery! they offer you two options for your winnings: a lump sum payment right now, or $100,000 a year over the next 10 years. current 10-year interest rates are at 5%, and the current tax on lottery winnings is 40%.
what is the amount you will receive today with the lump sum option?
which option would you select? how would you present your argument for your decision in a debate?

answer
Answers: 2

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who wants to be a millionaire?
you just won $1 million dollars in the lottery! they offer y...

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