ACC 303 Week 9 Discussion 1 | Assignment Help | Strayer University
- strayer university / ACC 303
- 26 Jul 2020
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ACC 303 Week 9 Discussion 1 | Assignment Help | Strayer University
Week 9 Discussion
"Winning
the Jackpot!"
It’s
probably one of the most fun ideas to think about - winning the lottery! So,
let’s have some fun. Suppose you win the Powerball when the jackpot is at
$300,000,000. You are given the option of a lump sum payment or an annuity. The
lump sum means receiving the entire cash value at once, but the lump sum will
be less than the $300,000,000. The annuity will be paid out in 30 payments over
29 years, which increase by 5% each year to keep up with the cost of living.
·
In light of the above scenario, would you take the lump sum
payout? Or would you take an annuity, and receive the payments over time?
Provide a rationale for your response.
Lastly, respond to at least one (1) post
of your peers.
USA 
India