Sam was injured in an accident, and the insurance company has offered him the choice of $

Fantastic news! We've Found the answer you've been seeking!

Question:

24, 000

per year for

15

years, with the first payment being made today, or a lump sum. If a fair return is

7.5 %,

how large must the lump sum be to leave him as well off financially as with the annuity?

Posted Date: May 18, 2024 10:03 PM

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Sam was injured in an accident, and the insurance company has offered him the choice of $

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