Mathematics

Mathematics, 16.09.2019 20:10, hannaboo53

David won the lottery. he can take a single lump sum payout of $10 million dollars or receive $750,000 per year for the next 25 years. what rate of return would david need to break even if he took the lump sum amount instead of the annuity? a)6.19%b)5.31%c)4.98%d)5.56%

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