Unit 4 Discussion.docx - Unit 4 Discussion Basic Time Value of Money It is a common fact that many lottery winners are broke sooner than later If you

Unit 4 Discussion.docx - Unit 4 Discussion Basic Time Value...

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Unit 4 Discussion Basic Time Value of Money It is a common fact that many lottery winners are “broke” sooner than later. If you won a $1,000,000 lottery, would you want to collect the lump sum winnings today or receive the monies over time? How does your decision influence the ultimate amount of cash you will collect? Explain the TVM factors you would consider as you make this decision. I can honestly say that I have met several people that have won the lottery and for whatever. Reason they seem to be right back where they were before they won the lottery. If I were to hit the lottery I would honestly want to receive all of my money in large lumpsomes, by me getting the money this way then I am still able to budget my money in tie verses me getting it all at one and spending it all at once. My decision influences the ultimate amount simply because; I know
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