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You won the lottery! You are considering whether or not to accept a lump sum amount or an annual annuity of $ 89,719 to
Posted: Thu May 05, 2022 5:48 am
by answerhappygod
- You Won The Lottery You Are Considering Whether Or Not To Accept A Lump Sum Amount Or An Annual Annuity Of 89 719 To 1 (28 KiB) Viewed 45 times
You won the lottery! You are considering whether or not to accept a lump sum amount or an annual annuity of $ 89,719 to be received at the end of every year for twenty years. Use 15% as the annual discount rate. How much is the stream of payments worth now? Round your answer to the nearest whole number.