You have just won the lottery and you have a choice, Accounting Basics

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You have just won the lottery and you have a choice

You have just won the lottery and you have a choice between accepting $5,000 now; $8,000 in ten years; or $1,000 at the end of the year for the next six years. The relevant interest rate is 5%, compounded annually. Ignoring inflation and risk, which option is most attractive?

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Accounting Basics: You have just won the lottery and you have a choice

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Accounting Basics: You have just won the lottery and you have a choice

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