Page 1 of 1
34) Your sister is the one lucky winner of the Ohio Lottery and is looking to you, os a Finance Major, to help out with
Posted: Sat Nov 27, 2021 5:29 pm
by answerhappygod
- 34 Your Sister Is The One Lucky Winner Of The Ohio Lottery And Is Looking To You Os A Finance Major To Help Out With 1 (16.69 KiB) Viewed 58 times
34) Your sister is the one lucky winner of the Ohio Lottery and is looking to you, os a Finance Major, to help out with some advice. Assuming market interest rates are at 6.25%, on a present value basis how would you consult with her about the choice to a) take an annuity of $2,500 per month for 25 years, or -b) take an annulty of $2.800 per month for 20 year? - how much Is she better off by choosing the one you recommend remembering that more is better? NOTE: There are 2 answers required, which is better and by how much