Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

Fenetre135

  • 3 years ago

lRehan has been awarded some money in a settlement. He has the option to take a lump sum payment of $170,000 or get paid an annuity of $1,000 per month for the next 20 years. Which is the better deal for Rehan, and by how much, assuming the growth rate of the economy is 3.05% per year? Lump Sum: by $63,712.66 Lump Sum: by $7,707.19 Annuity: by $63,712.66 Annuity: by $7,707.19

  • This Question is Closed

    Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy