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Billy Madison hit the jackpotHe has the option of receiving $3,660,000 today or a 25-year ordinary annuity of $250,000, with the first payment coming one
Billy Madison hit the jackpotHe has the option of receiving $3,660,000 today or a 25-year ordinary annuity of $250,000, with the first payment coming one year from today. What rate of return is built into the annuity? Ignore any possible tax impact.
4.62%
4.13%
3.97%
4.79%
5.16%
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