The cash option amount is determined by discounting the


Present Value- Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 20 years or as a lump-sum cash option amount.

The cash option amount is determined by discounting the winning amount at 7% over 20 years. This week the lottery is worth $6 million to a single winner. What would the cash option payout be?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The cash option amount is determined by discounting the
Reference No:- TGS01709267

Expected delivery within 24 Hours