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You've just won the lottery! You have to choose between receiving $10,000 today or $50,000 in 20 years. Using a present value table, you find that the present value of $1 received 20 years from now with an interest rate of 10% is $.149. What is the present value of the $50,000?

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You've just won the lottery! You have to choose between receiving $10,000 today or $50,000 in 20 years. Using a present value table, you find that the present value of $1 received 20 years from now with an interest rate of 10% is $.149. What is the present value of the $50,000?






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