You are offered a $2,080,000 retirement package to be given in $80,000 payments at the end of the next 26 years. You are also given the option of accepting a $880,000 lump sum payment now. Interest rates are at 6.6% over the next 26 years.

which is a better option?

the offered annual payment of $80,000 or the lump sum?

( could you please also add steps for ti-84 calculator)

thank you!