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justxdrive justxdrive
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6 months ago

When someone wins a lottery jackpot they are often given the choice between receiving their winnings over some period of time or receiving less money but receiving it all at once. It makes the most economic sense to



▸

receive the money over time because the amount received will be greater.



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receive the reduced amount of money in one lump sum because it is always better to have money sooner rather than later.



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receive whichever option yields the greatest present value.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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nursethomasnursethomas
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6 months ago
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justxdrive Author
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6 months ago
Smart ... Thanks!
rene_ram97
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Yesterday
This site is awesome
kevin12323h
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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