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Licemer1 [7]
3 years ago
10

Ralph has been awarded some money in a settlement. He has the option to take a lump sum payment of $425,000 or get paid an annui

ty of $2,000 per month for the next 25 years. Which is the better deal for Ralph, and by how much, assuming the growth rate of the economy is 5.15% per year?
Mathematics
1 answer:
Arisa [49]3 years ago
7 0

Answer: I believe it’s lump sum $91,772.64

Step-by-step explanation:

I’ll correct myself if wrong

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