You have just won first division in the State lottery,and have a choice between three alternatives as to how your prize is to be received.You can get $100,000 now,or $10,000 per year in perpetuity,or $50,000 now and $150,000 at the end of 10 years.If the appropriate discount rate is 12% per annum,which option should you choose?

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The Answer of You have just won first division in the State lottery,and have a choice between three alternatives as to how your prize is to be received.You can get $100,000 now,or $10,000 per year in perpetuity,or $50,000 now and $150,000 at the end of 10 years.If the appropriate discount rate is 12% per annum,which option should you choose?

You Have Just Won First Division in the State Lottery,and