You are planning to buy a lottery ticket for the
$226,000,000
jackpot. If you have (Option A). the cash option of receiving
$154,300,000
today or you can opt to choose (Option B). the 30 payments of
$7,533,333
. If, your investment account earns
10%
interest compounded annually and average inflation rate is
3%
, what is the future value of OPTION A in 30 years?
◻
You are planning to buy a lottery ticket for the
$226,000,000
jackpot. If you have (Option A). the cash option of receiving
$154,300,000
today or you can cpt to choose