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A lump - sum payment of $ 1 , 0 4 0 , 0 0 0 right now, in which case 4 5 % will
A lumpsum payment of $ right now, in which case will be deducted for taxes. We do not know the level of Archie's investment skills and therefore are unsure what rate of return he will earn on the lumpsum. What is the present value? 
A lumpsum payment of $ right now, in which case will be deducted for taxes. We do not know the level of
Archie's investment skills and therefore are unsure what rate of return he will earn on the lumpsum. What is the present
value?
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