You Have Just Won the Lottery and Have Three Payout

question 138

Essay

You have just won the lottery and have three payout options:
1.$1,000,000 now
2.$150,000 at the end of each year for the next ten years
3.$2,000,000 at the end of ten years.
What is a common basis for comparison that you can use to decide which option to choose? Explain your answer.

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Definitions:

Media Concentration

The consolidation of media ownership into the hands of a few large corporations, potentially limiting diversity of viewpoints and competition.

Media Monopolization

Refers to the concentration of media ownership in the hands of a few individuals or corporations, reducing diversity in the viewpoints and information available to the public.

Democratic

Pertaining to a system of government in which power is vested in the people, who rule either directly or through freely elected representatives.

Dominant Mass Medium

The most influential form of media in society that reaches and impacts a large audience, such as television or the internet.