Business, 21.05.2021 17:40 addi92

Using Present Value Concepts for Decision Making You have just won the state lottery and have two choices for collecting your winnings. You can collect $105,000 today or receive $20,700 at the end of each year for the next seven years. A financial analyst has told you that you can earn 9% on your investments.
Required:
1. Calculate the present value of both the options (FV of $1, PV of $1, FVA of $1, and PVA of $1).
2. Which alternative should you select?

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Using Present Value Concepts for Decision Making You have just won the state lottery and have two c...

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