You won the lottery and you were asked to choose between two options:
Get $1,000 every week forever.
Get $1,000,000 in a lump sum.
You expect to earn an effective annual rate of 4 percent on your investments.Assuming there is no risk between the two,which option do you prefer?

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The Answer of You won the lottery and you were asked to choose between two options:
Get $1,000 every week forever.
Get $1,000,000 in a lump sum.
You expect to earn an effective annual rate of 4 percent on your investments.Assuming there is no risk between the two,which option do you prefer?

You Won the Lottery and You Were Asked to Choose