A woman wins a sweepstakes giving away ten million dollars. She has two options for receiving the money; she can either take two million dollars a year for five years, or she can get the present value of ten million dollars in five years, now. If she chooses the second option, with a discount rate of 5%, what is the present value of ten million dollars in five years?
Let's just say eeny-meeny-miny-moe. I mean seriously - I'd be happy either way!
...and snacking on these wonderfully addictive chips
I seriously cannot study without snacking - which is why she is my friend
I can only hope that your evening is more exciting than mine