Olympic Prize Money: An Annuity Choice
The Thai delegation won one gold, three silver and two bronze medals, and the Sports Authority of Thailand will issue a total prize money of over 74 million baht
1. 12 million baht for Gold Medal, 7.2 million baht for Silver Medal and 4.8 million baht for Bronze Medal, with 50% of the prize money paid in a single lump sum, and the remaining 50% to be paid each month over a period of four years;
2. 10 million baht for the gold medal, 6 million baht for the silver medal and 4 million baht for the bronze medal, all paid at once.
Which one would you choose in your place?
In addition, the Thai Olympic Committee will provide Olympic medalists with a salary for 20 years:
1. 12,000 baht per month for gold medalists, totaling 2.88 million baht;
2. 10,000 baht per month for silver medalists, totaling 2.4 million baht;
3. 8,000 baht per month for bronze medalists, totaling 1.92 million baht.
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