Problem: You Won the Lottery
You have won a lottery! You will receive $200,000, after taxes, each year for the next five years.
Required
Describe the process you will go through in determining how to invest your winnings. Consider at least two options and make a choice. You may consider the stock of a certain company, bonds, real estate investments, bank deposits, and so on. Be specific. What information do you need to make a final decision? How will your decision be affected by the fact that you will receive the win- nings over a five-year period rather than in one lump sum? Would you prefer one payment? Explain.