You won a $50 million dollar state lottery today! Upon winning you were informed that you could choose to receive the prize money in one of the following two ways:1) 25 payments of $2 million per year starting today2) $30 million dollars paid todayAssume the market interest rate at this time is 7%. Which option should you take? In other words which option has the higher total present value? What is the difference between the present values of the two options?
You won a $50 million dollar state lottery today
by | Sep 6, 2025 | Statistics
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