Question: PLEASE SHOW ALL WORK AND FORMULAS, DON'T USE EXCEL. IF YOU USE A FINANCIAL CALCULATOR PLEASE PUT ALL STEPS FOR ENTERING INTO THE CALCULATOR AND

PLEASE SHOW ALL WORK AND FORMULAS, DON'T USE EXCEL. IF YOU USE A FINANCIAL CALCULATOR PLEASE PUT ALL STEPS FOR ENTERING INTO THE CALCULATOR AND WHICH MODES IT NEEDS TO BE ON. PLEASE SHOW ALL WORK AND FORMULAS, DON'T USE EXCEL. IF YOU USE

Question 24 Congratulations, you've just won the $2.800.000 state lottery! The lottery com- mission, offers you the choice of $127.000 per year for 25 years or a one-time, lump-sum payment of $1,156,000 If your intensions are to save all of the lottery winnings (regardless of annual cash flow or lump-sum) for retirement in an account that earns 11.00% annually which payment option should you choose

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