To claim that a lottery winner who is to receive $1 million per year for twenty years has won $20 million ignores the concept of
A) face value.
B) par value.
C) deflation.
D) discounting the future.
Answer: D
To claim that a lottery winner who is to receive $1 million per year for twenty years has won $20 million ignores the concept of
A) face value.
B) par value.
C) deflation.
D) discounting the future.
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