If you win the lottery and you choose to have your proceeds-14031
If you win the lottery and you choose to have your proceeds distributed to you over a twenty-year time period, with the first payment coming to you one year from today, which calculation would you use to calculate the worth of those proceeds to you today?
This multiple choice question (MCQ) is related to the book/course vu mgt201 Financial Management. It can also be found in vu mgt201 Final Term - Quiz No.22.
If you win the lottery and you choose to have your proceeds distributed to you over a twenty-year time period, with the first payment coming to you one year from today, which calculation would you use to calculate the worth of those proceeds to you today?
future value of a lump sum
future value of an annuity
present value of a lump sum
present value of an annuity