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Money Calculations




Money Calculations;#1. You win $1,000,000 in the state lottery. You have a choice to take $50,000 a year for 20 years or $560,000 now. You may assume some additional factors if you wish. Which choice would you take and why? What other factors need to be considered in addition to the time value of money. #2 Using time value of money calculations can help a company or individual plan for future needs. What types of future situations will you, as a college student, want to plan for now? Explain with examples.


Paper#29324 | Written in 18-Jul-2015

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