After getting over your initial excitement, what

After getting over your initial excitement, what payment option would you take and why?

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Finance Discussion

INSTRUCTIONS:

Need a discussion response: Pretend for a moment that you won $1,000,000 in the state lottery and had a choice between receiving $50,000 a year for 20 years, or receiving a one-time payment immediately for $560,000. After getting over your initial excitement, what payment option would you take and why? In your decision, apply the time-value of money by computing the present and future value of the payments. Show your calculations. Finally, what other factors are important to consider in making your decision?

CONTENT:

Student Name: Instructor: Course: Topic: Finance Discussion The net amount won is $1,000,000. There are two payment methods: 1 Being paid $50,000 per year for 20 years 2 Being given a one-time payment of $560,000 The use of the net present value will help us find the most via

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