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4. [I25 Points] TEAFMACZ F.4.040. You are offered a $2,340,000 retirement package to be given in $90,000 payments at the end of each of the

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4. [I25 Points] TEAFMACZ F.4.040. You are offered a $2,340,000 retirement package to be given in $90,000 payments at the end of each of the next 26 years. You are also given the option Df accepting a $1,500,000 \\ump sum payment an. Interest rates are at 3% over the next 26 years. Which is a better option? 0 the offered annual payments of $90,000 0 the lump sum of $1,500,000 0 they are the same 0 cannot be determined

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