Your dreams of becoming rich have just come true. You have won the State of Tranquility's lottery. The state offers you

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answerhappygod
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Your dreams of becoming rich have just come true. You have won the State of Tranquility's lottery. The state offers you

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Your dreams of becoming rich have just come true. You have won
the State of Tranquility's lottery. The state offers you two
payment plans for the $5,000,000 advertised jackpot. You can take
annual payments of $250,000 for the next twenty years or $2,867,480
today. If your investment rate over the next twenty years is 8%,
which payoff will you choose?
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