Answer to Question #145826 in Finance for Sameer

Question #145826

After winning lottery ticket. Diana is expecting to receive amount of Rs. 100,000 each year for the next 10 years. As an alternate, she can avail option of an immediate payment of Rs.1,000,000. (assuming immediate payment will subject to levied of tax of 10% deduction at source)

a) Which alternative should she pick if the interest rate is 6 %?

Expert's answer
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