Business, 27.03.2020 22:31, granny57i

You have just won the state lottery and have two choices for collecting your winnings. You can collect $100,000 today or receive $20,000 at the end of each year for the next seven years. A financial analyst has told you that you can earn 10% on your investments. Calculate the present value of both the options.

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You have just won the state lottery and have two choices for collecting your winnings. You can colle...