Mathematics, 27.11.2020 05:40, makennskyee1198

You have won the state lottery. There are two ways in which you can receive your prize. You can either have $1 million in cash now, or you can have $1.2 million that is paid out as follows: $300,000 now, $300,000 in one year’s time, $300,000 in two years’ time, and $300,000 in three years’ time. The interest rate is 20%. The present value of the payments over three years is:

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You have won the state lottery. There are two ways in which you can receive your prize. You can eith...