Answer to Question #343427 in Civil and Environmental Engineering for Shine

Question #343427

The winner of lotto prize is given the choice of a one time payment of $1,000,000 or a guaranted $80,000 per year for 20 years. If the value of money is 5%, which option should the winner choose?

Expert's answer

Answer in progress...

Learn more about our help with Assignments: Engineering

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. A Caesar Company has a capital investment of $67,000 and returns $12,000 per year for 5 years. At a
2. Using virtual work method, find the slope of member BC, vertical and horizontal deflection of joint
3. A storm sewer is proposed to drain a 24 hectares drainage area shown in the figure below. With given
4. Where did you get the t=12 and where did you base it? Why is it 10%? Thank you!
5. Evaluate the most probable values of angles A, B and C with the condition: A + B.The obscrved values
6. A standard HS truck move across a 25 m simple span. The wheel loads are P1 = 142 kN and P2 = 142 k
7. A standard HS truck move across a 25 m simple span. The wheel loads are P1 = 36 kN and P2 = 142 kN s