You win the lottery and must decide how to take the payout.Use an 8% discount rate for all parts of this question.
Required
A)What is the present value of $10,000 a year received at the end of each of the next six years?
B)What is the present value of taking a $50,000 lump sum now?
C)What is the present value of a $85,000 lump sum taken in 7 years?
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