a. Would a euro tomorrow be worth more to you today when the interest rate is 20% or when it is 10%? b. You have just won €10 million in the lottery, which promises to pay you €1 million (tax free)...

a. Would a euro tomorrow be worth more to you today when the interest rate is 20% or when it is 10%?

b. You have just won €10 million in the lottery, which promises to pay you €1 million (tax free) every year for the next ten years. Have you really won €10 million?

May 26, 2022