Question
You have just won the lottery! You can either receive $6,500 a year for 20 years or $100,000 as a lump sum payment today. What
You have just won the lottery! You can either receive $6,500 a year for 20 years or $100,000 as a lump sum payment today. What is the interest rate on the annuity option?
2.64 percent
1.68 percent
2.20 percent
2.45 percent
1.95 percent
tried putting it into my fin calc. PMT=6500, N=20, FV=0, PV=100000, Solve for i Get no solution
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Theory Of Constraints Handbook
Authors: James Cox, John Schleier
1st Edition
0071665544, 978-0071665544
