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Mathematics 5 Online
OpenStudy (anonymous):

Rudy has been awarded some money in a settlement. He has the option to take a lump sum payment of $200,000 or get paid an annuity of $1,000 per month for the next 25 years. Which is the better deal for Rudy, and by how much, assuming the growth rate of the economy is 2.75% per year?

OpenStudy (hba):

Lump Sum: by $14,899.82 Lump Sum: by $43,535.88 Annuity: by $14,899.82 Annuity: by $43,535.88

OpenStudy (anonymous):

you have the same question ?

OpenStudy (hba):

no i was posting the options

OpenStudy (anonymous):

how did you knoe those were the options?

OpenStudy (hba):

from google

OpenStudy (anonymous):

oh

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