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:

Internet Job Board

An online platform where employers post job openings and potential employees can find and apply for positions of interest.

Interviewing

Interviewing is the process of asking questions and obtaining answers from individuals, often used in research, journalism, or employment selection.

Professional Brand

The image or perception of a person or organization as projected to and perceived by others, particularly in a professional context.

Passive Applicant

A job seeker who is not actively looking for a new job but may be interested in opportunities that arise.