Answer to Question #145826 in Finance for Sameer

Question

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 %?

Answer 1

Dear Sameer, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order