You win a lottery and the lottery commission will pay you $2 million a year for 10 years. They also offer you a choice to take $14 million as one lump sum payment. a. What is the long form expression for this problem if the discount factor is unknown?
You win a lottery and the lottery commission will pay you $2 million a year for 10 years. They also offer you a choice to take $14 million as one lump sum payment. a.
What is the long form expression for this problem if the discount factor is unknown?
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