Business, 25.02.2020 19:54 xxaurorabluexx
You have just won the state lottery and have two choices for collecting your winnings. You can collect $109,000 today or receive $20,800 at the end of each year for the next seven years. A financial analyst has told you that you can earn 8% on your investments.
1. Calculate the present value of both the options (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar.)
2. Which alternative should you select? Option 1 or Option 2?
Answers: 3
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You have just won the state lottery and have two choices for collecting your winnings. You can colle...
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