You just won $35 million in the Florida lottery. The State will pay you over 20 years of $1.75 million each year beginning immediately.a. What is the implied interest rate of the lottery winnings?b. Assuming a discount rate of 6% what is the present value of your lottery winnings?c. What would you rather have – $35 million over 20 years or the present value now?d. What if the opportunity cost was 10%. Is your answer the same? Why?
You just won $35 million in the Florida lottery.
by | Sep 6, 2025 | Statistics
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