Problem 5.21 – Kristina Won the Lottery


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Difficulty – Medium

Given the information on the three award options and interest rates... find the best choice.

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  • Search Terms: $ $. % -select- -year a a. accept among and annually, annuities any are as award b. best c. can carries cash choice choice evaluating choice. choice? choice? c. choose choose? choose? b. d. discount distant do earn elect end-of-year end-of-year payments end? evaluating expects explain flows future get her higher highest how if in influence interest is it just kristina lottery, lower lump lump-sum million, million. million. a. money more must not of of $ optimal option options. or payment payments percent positively present produces rapidly rate, rates receive recommend? recommend? d. related she should sum sums the thinks three to today valuable value value. valued way which won would you
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