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GoodMad_ GoodMad_
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7 years ago
You will buy a lottery ticket. If you win, you have a choice of receiving $995,000 now or three equal end-of-year payments of $400,000. You should take the payments
A) if you earn 20% or more on your investments.
B) because $1,200,000 is greater than $995,000.
C) if you earn 11% or more on your investments.
D) if you earn less than 10% on your investments.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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