Mathematics, 24.07.2019 17:00, 2019dawnmcmillan

20 pts ! randy has been awarded some money in a settlement. he has the option to take a lump sum payment of $300,000 or get paid an annuity of $2,000 per month for the next 20 years. which is the better deal for randy, and by how much, assuming the growth rate of the economy is 5.65% per year? (a) lump sum: by $23,606.12 (b) lump sum: by $16,726.56 (c) annuity: by $23,606.12 (d) annuity: by $16,726.56

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20 pts ! randy has been awarded some money in a settlement. he has the option to take a lump sum...