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Which one choose if current interest rate is five percent

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Reference no: EM132505879

Question 1: You have won the lottery and you have been given the following options. Which one should you choose if the current interest rate is 5% annually?

Option A. $3,000,000 today

Option B. $290,000 per year at the end of each of the next 15 years

Option C. $6,000,000 at the end of 15 years.

Option D. $350,000 per year at the end of each of the next 10 years

Reference no: EM132505879

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