Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Congratulations! You have just won a small lottery. Lottery officials give you three alternatives for receiving your winnings:
a)$8000 now
b)$1000 per year for 12 years
c)$15000 in 10 years
If you can earn 6.5% on your money, which alternative should you choose?
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