Would you go for short term cash?

allthegoodnamesaretaken_2

Question to DynamicArray, why does the £400 earn interest at 5 years when the £1000 doesn't at 10? Just wondering.

Smiles

There is more i could do with the £100 today than i could with the other options later down the line, if it didnt matter and i had enough money i would take the £1000 10years later. but only if i had £1000 to spend today

Former_MSE_Lawrence

Poll Started 15 May 2007: Would you go for short term cash? Imagine you've just won a bank's competition (hopefully without having to dial a premium rate!). You're offered a choice of prizes all with a cast iron guarantee that it'll be paid out. Which of the following options would you pick?

A. £100 in cash now 37.8% - (2324 Votes)
C. £200 in a year 30% - (1848 Votes)
E. £1,000 in ten years 21.1% - (1300 Votes)
B. £150 paid to you in six months 8.9% - (550 Votes)
D. £400 in five years 1.9% - (118 Votes)

Total Votes: 6140

Thanks to everybody that voted!

DynamicArray

allthegoodnamesaretaken wrote: »

Question to DynamicArray, why does the £400 earn interest at 5 years when the £1000 doesn't at 10? Just wondering.

Ooops, I thought it was £400 at 4 years... That goes to show you should always double-check the terms and conditions!