Carrie won the lottery and is $10 million richer. She has the option to take her disbursement in one lump sum or have it disbursed over the next five years. What is the future value of the money if she decides to take the lump sum now and invest it at 7% interest?

Answer rating: 100% (QA)

To calculate the future value of the 10 million if Carrie decides to ... View the full answer