08 Jun Question You just won a settlement
Question
You just won a settlement and are trying to decide on the option of 15 annual payments of $100,000.00 per year or the lump sum payout. If you can earn 8% investing your money over the 15 years, what is the least amount of money that would make no overall difference between the choices? The initial settlement offering is $750,000 as lump sum payout. Show all of your work.
please put solution inside of message.
Thankyou
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