Julie r. 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

Question

3 years ago

14

Julie r. 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

payment of $200,500 today. if she can earn a return of 10 percent on any investment she makes, should she choose the cash (lump-sum) option or the annual payment option?

Mathematics

1 answer:

Anuta_ua [19.1K] · Answer 1 · 2022-04-06T06:19:17+03:00

Anuta_ua [19.1K]3 years ago

4 0

10% annual payment option.