You won the lottery and can receive either 1. $60,000 today, or 2. $10,000 one year from today
plus $25,000 two years from today plus $35,000 three years from today. You plan to use the money
to pay for your child's college education in 15 years.
You should
A) take option two because you get $70,000 rather than $60,000 regardless of current interest
rates.
B) take the $60,000 today because of the time value of money regardless of current interest rates.
C) take the $60,000 today if you can earn 6.81% per year or more on your investments.
D) take the $60,000 today only if the current interest rate is at least 16.67%.
C
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Which of the following is not an example of the consumerization of IT?
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