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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 5 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
Congratulations! You have won a state lotto. The state lottery offers you the following (after-tax) payout options:
Option #1: $15,000,000 after five years.
Option #2: $2,150,000 per year for the next five years.
Option #3: $13,000,000 after three years.
Requirement
1. Assuming you can earn 8% on your funds, which option would you prefer?
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