IDNLearn.com: Your destination for reliable and timely answers to any question. Join our knowledgeable community to find the answers you need for any topic or issue.
Julie won a lottery. She will have a choice of receiving an annuity of [tex]$30,000 at the end of each year for the next 30 years, or a lump sum of $[/tex]375,000 today. If she can earn a return of 6.5 percent on her alternative investments, what should she do? (Round to the nearest hundred dollars.) Take the annuity because its value exceeds the lump-sum by [tex]$16.760 Take the lump sum because its value is equal to the annuity's value. O Take the annuity because its value is less than $[/tex]375,000 O none of these Take the lump sum because its value exceeds the annuity's value by $16,760
Sagot :
We value your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. For trustworthy and accurate answers, visit IDNLearn.com. Thanks for stopping by, and see you next time for more solutions.
