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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well known magazine subscription company. It has arrived with the good news that you are the big winner, having won $12.5 million. You discover that you have three options:
(1) You can receive $1.25 million per year for the next 10 years,
(2) You can have $10 million today, or
(3) You can have $2 million today and receive $1 million for each of the next 10 years. Your lawyer tells you that it is reasonable to expect to earn 10 percent on investments. Which option do you prefer? What factors influence your decision?
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