Graciela Treadwell won a lottery. She will have a choice of receiving $25,000 at the end of each year for the next 30 years, or
a lump sum today. If she can earn a return of 10 percent on any investment she makes, what is the minimum amount she should be willing to accept today as a lump-sum payment? (Round to the nearest hundred dollars.
A. $235,700
B. $750,000
C. $334,600
D. $212,400
A. $235,700
B. $750,000
C. $334,600
D. $212,400
1 answer:
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