Question #39695
You have won the Karnataka state lottery. Lottery officials offer you the choice of the following alternatives payouts:

Alternative 1: Rs. 10 million one year from now Alternative 2 Rs. 20 million five years from now Which alternative should you choose if the discount rate is
a. 0 percent
b. 10 percent
c. 20 percent
1
Expert's answer
2014-03-05T06:50:49-0500
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