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Problem 1: Gabrielle just won $2.75 million in the state lottery. She is given the option of receiving a total of $1,400
Posted: Sat Feb 26, 2022 9:10 am
by answerhappygod
- Problem 1 Gabrielle Just Won 2 75 Million In The State Lottery She Is Given The Option Of Receiving A Total Of 1 400 1 (9.32 KiB) Viewed 36 times
Problem 1: Gabrielle just won $2.75 million in the state lottery. She is given the option of receiving a total of $1,400,000 now, or she can elect to be paid $110,000 at the end of each of the next 25 years. If Gabrielle can earn 5% annually on her investments, from a strict economic point of view which option should she take?