FOLLOW UP PRESENT VALUE PROBLEMYou have won the lottery after purchasing a $5 lottery ticket. You have the following options: Option 1: $1,000,000 Now Option 2: $150,000 at the end of each year for 10 years ( $1,500,0000 total) Option 3: $2,000,000 at the end of 10 years. Assess which of these is the best […]
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