You are offered a $2,080,000 retirement package to be given in $80,000 payments at the...
60.1K
Verified Solution
Link Copied!
Question
Finance
You are offered a $2,080,000 retirement package to be given in $80,000 payments at the end of the next 26 years. You are also given the option of accepting a $880,000 lump sum payment now. Interest rates are at 6.6% over the next 26 years. which is a better option? the offered annual payment of $80,000 or the lump sum? ( could you please also add steps for ti-84 calculator) thank you!
which is a better option?
the offered annual payment of $80,000 or the lump sum?
( could you please also add steps for ti-84 calculator)
thank you!
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.