Michael has just won some money on a game show! He has the option to take a lump sum payment of $700,000 now or get paid an annuity of $3,600 at the beginning of each month for the next 20 years. Assuming the growth rate of the economy is 3.4% compounding annually over the
next 20 years, which is the better deal for Michael and by how much?
Lump Sum: by $59,36]5.20
Lump Sum: by $502,182.81
Annuity: by $59,366.20

Annuity: by $164,000

Design an er diagram for keeping track of information about votes taken in the u. s. house of representatives during the current two-year congressional session. the database needs to keep track of each u. s. state's name (e. g., texas', new york', california') and include the region of the state (whose domain is {northeast', midwest', southeast', southwest', west'}). each congress person in the house of representatives is described by his or her name, plus the district represented, the start date when the congressperson was first elected, and the political party to which he or she belongs (whose domain is {republican', democrat', 'independent', other'}). the database keeps track of each bill (i. e., proposed law), including the bill name, the date of vote on the bill, whether the bill passed or failed (whose domain is {yes', no'}), and the sponsor (the congressperson(s) who sponsored - that is, proposed - the bill). the database also keeps track of how each congressperson voted on each bill (domain of vote attribute is {yes', no', abstain', absent'}). additional information: