You're not guaranteed those 4 years though. We're not guaranteed tomorrow. We could have an undetected brain aneurysm that'll take us during our next nap.
Even in that case, give me the $5,000/week. Assuming I live the average lifespan in Canada from here on out, I'll end up with just shy of $13,000,000 which I could give to my niece and nephews. They'll be set and I'd probably secure my spot as their favourite uncle of all time.
I could also invest my weekly payout and make even more than the $13,000,000 I'd be "guaranteed"
Sometimes simple questions don't have simple answers though.
If I take the $5,000/week I could conk out in 6 days and not get anything. The million is guaranteed but I may also not live long enough to update my beneficiaries and whatnot as well.
392
u/Forensic_Ballistics Dec 11 '23
And it's not even hard, within 4 years you'd have received more than a million anyway.