10. Time Value of Money
Using Time Value of Money Tables
Open Question
Open QuestionYou have won the lottery! You are given two options for your payout:
1. You can receive $540,000 today
2. You can receive $50,000 annually each year for the next twenty years
Assuming the interest rate is 6%, which is the better option?
![](/channels/images/assetPage/verifiedSolution.png)
Video duration:
5mPlay a video:
84
views
3
rank
Was this helpful?
Related Videos
Related Practice
Showing 1 of 6 videos