By Ray Kennedy,2014-03-31 04:28
Solution to Case 5
Time Value of Money
Lottery Winnings Looks Can Be Deceptive!
1. If you were one of the winners, which option would you select? Why?
Most winners would select the cash option whereby 50% of the stated amount is paid out in
a lump sum (less federal and state taxes) i.e. $90.75 million - .332(90.75m) ..