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URGENT!! PLEASE HELP!! Q10: Your girlfriend just won the Florida lottery. She has the choice of $12,500,000 today or a 20-year annuity of $1,050,000 with
URGENT!! PLEASE HELP!!
Q10: Your girlfriend just won the Florida lottery. She has the choice of $12,500,000 today or a 20-year annuity of $1,050,000 with the first payment coming one year from today. What rate of return is built into the annuity? Disregard taxes. PLEASE SHOW ALL WORK
a) 4.94%
b) 5.77%
c) 5.55%
d) 4.33%
PLEASE SHOW ALL WORK
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