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Bill Swill decides to try his luck at Powerball where the projected winnings are $12,000,000. If he wins, he can choose the annuity of years)
Bill Swill decides to try his luck at Powerball where the projected winnings are $12,000,000. If he wins, he can choose the annuity of years) or a lump sum settlement that he can invest at 8% interest. How much must the lump sum option be to make the lump sum opt option (rounded)? a. $2,574,578 b. $1,200,000 c. $1,743,620 d. $1,130,668 Bill Swill decides to try his luck at Powerball where the projected winnings are $12,000,000. If he wins, he can choose the annuity of years) or a lump sum settlement that he can invest at 8% interest. How much must the lump sum option be to make the lump sum opt option (rounded)? a. $2,574,578 b. $1,200,000 c. $1,743,620 d. $1,130,668
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