Multiple Choice
Lucky Louie just won the lottery! He has a choice of taking $1,000,000 in cash or receiving $50,000 per year for 30 years beginning at the end of this year. The best way to make this choice is to
A) consult an economic advisor.
B) consult an oracle.
C) calculate the future value of the annuity payments.
D) calculate the present value of the annuity payments.
Correct Answer:
Verified
Correct Answer:
Verified
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