Sigriten verans
who wants to be a millionaire?
1. you just won $1 million dollars in the lottery! they offer you two options for your winnings: a lump sum payment right now, or $100,000 a year over the next 10 years.
current 10-year interest rates are at 5%, and the current tax on lottery winnings is 40%.
. what is the amount you will receive today with the lump sum option?
• which option would you select? how would you present your argument for your decision in a debate?
2. sorry, you didn't win the lottery, but here's a way you can still be a millionairel starting at age 22, every night you take $5 out of your pocket and put it in a manila