Present Value of 1 
Future Value of 1 
Present Value of an Annuity of 1 
Future Value of an Annuity of 1 
Milton Shirer has won the New York state lottery when the jackpot was $20 million. He has the options of taking the prize winnings as $2 million per year over the next ten years or a single payment now of $13,000,000. Which option should Milton choose based on present value principles and assuming an 8% annual interest rate compounded annually?
Definitions:
Logistics Manager
A professional responsible for overseeing the supply chain operations, ensuring efficient delivery of goods.
Retail Buyer
A professional responsible for selecting and purchasing goods for resale in retail outlets.
Ownership/Organization
Pertains to the legal right to possess something and the structure or arrangement of management and operations within an entity.
Level Of Service
The degree of quality and satisfaction a customer receives from a service provider.
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