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OpenStudy (anonymous):
Can someone please help me with some math questions im really stuck
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OpenStudy (anonymous):
Marlon has just won some money on a game show! He has the option to take a lump sum payment of $625,000 now or get paid an annuity of $4,500 per month for the next 15 years. Assuming the growth rate of the economy is 3.9% compounding annually over the next 15 years, which is the better deal for Marlon and by how much? Lump Sum: by $299,464.04 Lump Sum: by $20,387.02 Annuity: by $185,000.00 Annuity: by $20,387.02
OpenStudy (anonymous):
i dont know how to calculate these correctly
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