Mathematics

Heidy Mathis

8 May, 22:36

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?

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