Suppose you won a lottery 1000000 interest of 0.07 percent, they offered you many choices...
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Suppose you won a lottery 1000000 interest of 0.07 percent, they offered you many choices the first one is to take the 1000000 immediately 2nd choice to take 105000 forever 3rd choice to take 50000 for 12 years beginning now. 4th choice is to accept 2500000 at the end of the 20 years 5th choice if you put 1000000 in a saving account how much you will have after 20 years interest is compound quarterly what is the value of the money from choice number 2? what is the value of the money from choice number 3? what is the value of the money from choice number 4? what is the value of the money from choice number 5
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